Crypto Whales Accumulating Ethereum Scaling Altcoin by the Millions, According to On-Chain Data
crypto EthereumăăAng Crypto Whales ay Nag-iipon ng Ethereum Scaling Altcoin ng Milyun-milyong, Ayon sa On-Chain Dataăă7 oras ang nakalipasăăBalita ng Ethereum ng BitcoinăăOn-chain data reveals that crypto whales are snapping up the native asset of a hot Ethereum (ETH) layer-2 project by the millions.ăăBlockchain-tracking firm Lookonchain says that digital asset manager Amber Group sent millions of dollars worth of Arbitrum (ARB) tokens to crypto exchanges OKX and Binance, where they could potentially be sold on the open market.ăăSource: Lookonchain/TwitterăăWhile Amber Group reduced its ARB holdings, Lookonchain says several crypto whales have been in the process of accumulating ARB. According to the analytics firm, one whale nakolekta a total of 4,048,947 ARB worth $5.7 million from OKX and Binance within the last 48 hours.ăăAng pangalawang balyena tinanggap 4,099,517 ARB worth $5.78 million from OKX over the same timeframe. Meanwhile, a third crypto whale naipon 1,003,798 ARB worth $1.41 million from crypto exchange Binance.ăăAt time of writing, ARB is trading for $1.34, trading mostly sideways over the past week.ăăLookonchain also recently nakita an Ethereum whale that staked nearly $100 million worth of ETH through a decentralized finance (DeFi) platform.