Seven whales parted with a total of $16 million worth of ARB at a loss $8.15 million in the last 30 hours.
As analyzed by Lookonchain, some large investors have sold their ARB positions at substantial losses in the past 30 hours.
The price of the native token of the layer-2 scaling solution for the Ethereum blockchain has been on a severe downfall lately, plunging by over 30% in the last month. The blockchain analytics platform revealed that seven whales have decided to part with millions of ARB coins, generating a total loss of over $8M.
One investor sold more than $3.2 million in ARB, whereas they previously bought the stash for approximately $4.6 million . Another lost over $2 million after dumping $2.6 million worth of the asset. Their initial investment stood at around $4.7M.
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