On-chain data reveals that crypto whales have begun accumulating millions of ETH tokens on Layer-2 projects, according to the blockchain tracking platform, and also tokens to be transferred by investors to Arbitrum (ARB). Many millions of dollars more
According to the information, digital asset management company Amber Group has transferred millions of dollars worth of ARB to OKX platform, Binance instead of selling them on the open market.
“Two Amber wallets transferred 11.2 million ARB tokens worth $15.8 million to OKX and Binance platforms, with 7.3 million ARB transferred to OKX and another 4.47 million transferred to Binance.”
While ARB Group has reduced its stake in ARB, other crypto whale investors have opted to keep ARB. Data shows that 4,048,947 ARB whales bought $5.7 million from OKX and Binance in the last 24 hours. past
ARB is currently at $1.27, down 5.8% over the past 24 hours. The 24-hour trading volume was $543 million, according to CoinGecko
Meanwhile, the Ethereum whale has staked over $100 million worth of ETH on the DeFi platform.
“Whale staked over 53,024 ETH ($95.5 million worth) on Abyss Finance… Based on on-chain tracking data, we found that ETH whales bought coins from oloniex, Gemini, Bittrex and other exchanges in 2017 and 2018. Value range about $368.”
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