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CryptoGlobe
2024-03-20 03:03:00

Whale Activity Leads to Massive Sell-off of Ethereum Layer-2 Token on Exchanges

Whale Activity Leads to Massive Sell-off of Ethereum Layer-2 Token on Exchanges

The price of Arbitrum (ARB), a leading layer-2 scaling solution for the Ethereum network, has experienced a decline following a significant token unlock event that saw large investors, colloquially known as whales, sell-off a significant amount on exchanges. According to blockchain analysis service Lookonchain, Arbitrum whales deposited roughly $58 million worth of ARB tokens into

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