2023-04-03
On-chain data reveals that crypto whales have begun collecting millions of ETH coins on layer-2 projects, according to blockchain tracking platforms, and there are also arbitrum (ARB) coins that investors transfer millions of dollars in spoons.
According to the data, digital asset management company Amber Group transferred millions of dollars’ worth of ARB coins to the OKX, Binance platform instead of selling them on the open market.
“Two related addresses of Amber transferred 11.2 million ARB ($15.8 million), out of which, 7.3 million ARB ($10.3 million) was transferred to OKX and Binance and currently holding 4.47 million ARB ($6.3 million).”
While ARB Group reduced its stake in ARB, other crypto whale investors Data suggests that 4,048,947 ARB worth over $5.7 million were purchased by crypto whales from OKX and Binance in the last 24 hours.
The ARB coin price is now $1.27, down 5.8% in the last 24 hours.
At the same time, Ethereum whales have stook over $100 million worth of ETH coins on the DeFi platform.
“A whale staked all 53,024 ETH ($95.5 million) through Abyss Finance…
Through on-chain data tracking,
we found that the ETH of the whale was bought from Poloniex, Gemini, Bittrex
and other exchanges in 2017 and 2018, with an average buying cost of ~$368.”
Source link: The Daily Hodl
