Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Interest in whales has grown in Arbitrum. Are these events the reason?
ALTCOIN NEWS

Interest in whales has grown in Arbitrum. Are these events the reason?

By Crypto FlexsMarch 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Interest in whales has grown in Arbitrum.  Are these events the reason?
Share
Facebook Twitter LinkedIn Pinterest Email
  • ARB’s whale trading increased significantly last week.
  • The market was reacting to the upcoming Dencun upgrade and the unlocking of ARB’s maximum tokens.

Popular layer 2 (L2) token Arbitrum (ARB) has moved to a large number of cryptocurrency exchanges in the past 24 hours, sparking interest and speculation in the wider market.

What are the whales doing?

According to Spot On Chain, an on-chain data tracker, during the afternoon hours UTC on March 9, two whale investors deposited a total of 2.77 million ARB into Binance (BNB).

At the time of reporting, the amount transferred amounted to $4.87 million.

AMBCrypto dug deeper and discovered that one of the whales had transferred 916,787 tokens to Binance at the usual rate.

The whale withdrew this amount 2.5 months ago and stands to make a profit of $608,000 if it decides to cash it out. Similarly, another whale sent 1.85 million ARBs to Binance, recording an unrealized profit of $2.67 million.

Together, the two companies would make a profit of $3.3 million if they decide to sell their holdings at the current price.

AMBCrypto, using Santiment data, revealed that these developments were part of a broader increase in high-value trading in ARB over the week.

Source: Santiment

The surge in whale trade precedes two important events in the Arbitrum ecosystem.

Dencun strengthening ARB?

The first was the much-anticipated Dencun upgrade scheduled for March 13th. It was expected that technological improvements would significantly reduce transaction fees for layer 2 projects.

ARB does not derive any value from Arbitrum’s on-chain activities. In other words, you can only benefit from the positive emotions surrounding your L2, especially Arbitrum.

ARBs to flood the market

Second, ARB was scheduled to witness the largest ever lifting of lockdowns on March 16. A whopping 1.1 billion tokens, representing 76% of the circulating supply, were scheduled to be distributed to teams and investors.

Token analytics firm Token Unlocks said that if the price remains unchanged, ARB’s market capitalization will surge from its current $2.65 billion to more than $5 billion after unlocking.


Realistic or not, ARB’s market cap in BTC terms is:


Additionally, ARB could enter the top 25 cryptocurrencies by market capitalization list, up from its current 50th position.

On the other hand, the introduction of such a large supply into circulation could put inflationary pressures on ARBs, potentially leading to significant losses.

Previous: The Future of White-Hot Cryptocurrencies: Decoding Memeinator’s Success as Raise Crosses $5 Million.

Next: Cardano: Here are the odds of ADA crossing $1 in March:

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025
Most Popular

AI-Based 3D Printing Revolutionizes Surgical Preparation

September 22, 2024

Terraform Labs asks a judge to have a jury decide whether UST and LUNA tokens are securities.

December 6, 2023

Vanguard and State Street Avoid Bitcoin ETF Hype

December 10, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.