News

Whales Buying Millions In ARB Amid Recovery Rally

Whale Investor scoops up millions of Arbitrum (ARB) tokens during price dip - unveiling their current impressive holdings
Published by
Whales Buying Millions In ARB Amid Recovery Rally

A crypto whale investor is accumulating ARB tokens through well-timed transactions on the popular exchange platform, Binance. With holdings of 2.5M ARB tokens, it has caused a significant stir in the market and ARB’s value.

Advertisement

Whale Accumulates ARB

We have used Arkham Intelligence to get the transaction history of the whale. Four days ago, the whale created an address (0x37bF2A67c4c2C492d582f59AdEB5186719De738f) and withdrew 1.5 million ARB tokens from Binance, worth approximately $1.76 million at the time. The buying price was $1.07 per ARB.

13 hours ago, the whale made another withdrawal from Binance. This time taking out 1 million ARB tokens worth approximately $1.18 million. As of now, the whale investor boasts an impressive portfolio of 2.5 million ARB tokens, valued at approximately $3.01 million. The average buying price for these tokens is around $1.13.

Arbitrum conducted airdrop, two weeks ago, and saw around 90.15 million tokens being distributed to 131 DAO addresses, valued at $118 million. A whale named TRIDENT sold off sold 131,345 ARB, leaving a negative impact on the price of ARB, lookonchain reported.

Advertisement

ARB Token Value

This strategic move of over a million dollar withdrawal signals the investor’s confidence in the future potential of ARB. The token ARB after hitting an all time low of $1.06, experienced a 12.91% surge in the past 7 days.

The investor’s average buying price per ARB token is estimated to be around $1.13, indicating a calculated approach to minimize costs and maximize their holdings.

Read More about Arbitrum Latest Price Prediction

The whale investor’s accumulation strategy has not gone unnoticed, garnering attention and speculation within the cryptocurrency community. This increased focus has had a direct impact on the value of ARB.

Currently, the token is experiencing an upward surge, with its value reaching an impressive price of $1.1928 per token, according to CoinMarketCap. The market capitalization of ARB stands at $1,520,777,905, while the trading volume in the last 24 hours has reached $310,180,970.

Advertisement
Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

SBF Team Says “FTX Was Never Bankrupt,” Creditors Receive 120% Repayment

Sam Bankman-Fried (SBF) team on Friday revealed an estimated $136 billion in petition-date holdings of…

October 31, 2025
  • News

XRP ETF Coming This November 13 As Canary Capital Submits Updated S-1 By Removing Roadblocks

Asset manager Canary Capital has submitted an updated S-1 filing to bring its spot XRP…

October 31, 2025
  • News

Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch

Canary Funds has filed an updated S-1 registration for its XRP spot exchange-traded fund (ETF).…

October 31, 2025
  • News

CFTC, SEC Launch ‘New Era of Collaboration’ to Clarify Crypto Rules, End Regulation by Enforcement

The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) have entered…

October 31, 2025
  • News

Senate Committee Finalizes Updated Crypto Market Structure Bill Draft, Release Expected In Days

The U.S. Senate committee is set to release an updated draft of the Crypto Market…

October 30, 2025
  • News

€648 Billion Nordea To Allow Customers to Trade Bitcoin-Linked ETFs

Nordea Bank, one of Europe’s largest financial institutions, is allowing customers to trade Bitcoin-linked funds…

October 30, 2025