We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

ETHUSD Ethereum

21.15 (1.28%)
11:23:54 - Realtime Data
Name Symbol Market Market Cap ($) Algorithm
Ethereum ETHUSD Crypto 201,048,445,221 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  21.15 1.28% 1,673.77 1,841.00 1,841.01
High Price Low Price Open Price Prev. Close 52 Week Range
1,688.16 1,648.33 1,652.57 1,652.62 1,073.42 - 2,142.85
Exchange Last Trade Size Trade Price Currency
GDAX 11:23:54 0.000609 1,673.77 USD
Price x Volume Volume Base Symbol Related Pairs
82,371,856.44 49,354.79 ETH ETHEUR ETHGBP ETHBTC

Buy Or Sell Arbitrum (ARB)? Here’s What Whales Are Doing

31/03/2023 11:10am


The Arbitrum airdrop has been one of the most highly anticipated events in the crypto space in recent weeks, but the price performance of the ARB token is rather disappointing at the moment. Facing a massive selling pressure from the beneficiaries of the airdrop, the Arbitrum token dropped to a low of $1.11 on Monday. Since then, however, ARB has been in an uptrend, maneuvering the price up to $1.44 yesterday. With this, ARB gained 23% since the beginning of the week. At the moment, however, there is a correction that caused the price to drop. But, where do we go from here? Are Wale And Institutions Buying Or Selling ARB? On-chain analysis service provider Lookonchain has analyzed the largest Arbitrum whales to find out what the “smart money” is doing. In doing so, the analysis service found that Amber Group, a leading digital asset company, has reduced most of its ARB holdings. Two related addresses of Amber transferred 11.2 million ARB worth $15.8 million, of which 7.3 million ARB (about $10.3 million) were transferred to crypto exchanges OKX and Binance. The remaining 4.47 million ARB worth $6.3 million continue to be held by the Amber related address. Related Reading: Arbitrum, Optimism, And Polygon: Which Is The Ultimate Ethereum L2? However, other whales are accumulating the ARB token. In total, Lookonchain has found three major holders adding to their holdings. Whale “0xe04d” received 2.186 million ARB (about $3.08 million) from OKX the day before yesterday, and bought another 1.861 million ARB (about $2.62M) from OKX and Binance yesterday. Another whale currently holds 4,048 million ARB (around $5.71M). Whale “0xadf5” received 2.288 million ARB (around $3.22M) from OKX a day ago, and added another 1.81 million ARB (around $2.55 million) a little later. Currently, he holds 4.099 million ARB (about $5.78M). In addition, the largest buyer continues to hold ARB and has not transferred any of his Arbitrum tokens. This unknown whale still holds 9.94 million ARB (about $14 million). He had increased his holdings by 5 million ARB on the first day of the listing on major exchanges. Arbitrum Fundamentals Remain Strong As analyst Aylo outlined in a Twitter thread, Ethereum’s layer-2 technology shows no signs of slowing down after the airdrop. Arbitrum has done more DEX volume in the last 24 hours than BSC, Polygon, and Avalanche combined, as the chart below shows. Also bullish are daily transactions and daily active addresses, which remain higher than a month ago. Likewise, TVL shows consistent growth and continues to climb higher. TVL reached a new high of $2.2 billion yesterday, up from around $1.5 billion in the middle of the month. In addition, Arbitrum is seeing the largest percentage increase in stablecoins bridged in the last 7 days. Daily revenue is also steadily increasing. Related Reading: Arbitrum (ARB) Airdrop Is Around The Corner, How To Trade It ARB Price Today At the time of writing, ARB was at $1.35. Since Monday’s low, ARB’s 1-hour chart shows a clean uptrend that is still intact despite the consolidation. ARB continues to post higher highs and higher lows. Currently, the most important support is the $1.32 level. If ARB falls below this price, the uptrend could falter. For now, however, the bulls retain the upper hand. Featured image from Kraken Blog, chart from TradingView.com

1 Year Ethereum Chart

1 Year Ethereum Chart

1 Month Ethereum Chart

1 Month Ethereum Chart
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

V: gb D: 20230929 10:24:03