Lookonchain, which shares data on large-scale cryptocurrency transfers carried out by addresses that hold high amounts of crypto assets in their portfolio and are described as ‘whales’ in the crypto ecosystem, drew attention to the transfers that took place in recent days. According to Lookonchain data, an address has purchased a total of 2.5 million ARBs in the last 4 days.
What is the Latest Situation in the Cryptocurrency Market?
Bitcoin (BTC), the leading cryptocurrency, lost more than 1% in the last 24 hours and started trading at $ 27,070. The cryptocurrency market started the day with a decline due to the depreciation in Bitcoin. The total market capitalization of the cryptocurrency ecosystem fell to $1.12 trillion, according to CoinMarketCap (CMC) data.
While the cryptocurrency market started the day with relatively low volatility, short and long positions worth an average of $50 million were liquidated in the last 24 hours, according to Coinglass data.
Arbitrum (ARB), one of the popular cryptocurrencies of recent times with its recent price movements, lost nearly 3% of its value during the day and started trading at $ 1.18. After these declines, ARB was among the top 100 cryptocurrencies with the highest market capitalization according to CMC data, and among the top 20 cryptocurrencies with the highest rate of depreciation in the last 24 hours.
Crypto Analysis Platform Shared Current Data
Lookonchain, which shares data on large-scale transfers made by addresses that hold large amounts of crypto assets in their portfolio and are described as ‘whales’ in the crypto ecosystem, reported that an unknown address has purchased 2.5 million ARBs in recent days.
According to the data shared by Lookonchain, an unknown address bought 1.5 million ARBs from the cryptocurrency exchange Binance at $ 1.07 levels 4 days ago, and bought another 1 million ARBs from Binance yesterday. As a result, this address has purchased a total of 2.5 million ARBs in the last 4 days.
