According to data provided by the @lookonchain tracker of "Smart Money" wallets, several hours ago, Arbitrum performed an airdrop, distributing approximately 90.15 million $ARB coins to the crypto community via 131 DAO wallets.
That amount of $ARB is evaluated at roughly $118 million USD currently.
The tracker further noted that a whale called TRIDENT sold 131,345 $ARB, using three addresses at the price of $1.31, earning $172,000.
Notably, TRIDENT has sold 131,345 $ARB ($172K) at $1.31 through 3 addresses after receiving 257,540 $ARB ($337K).https://t.co/knKqrcg3Qb pic.twitter.com/vHWJxagrEY
— Lookonchain (@lookonchain) April 25, 2023
Recently, analyst Jack Niewold stated on his Twitter account that $ARB has strong enough potential to surpass such prominent cryptocurrencies as Hedera, Aptos, Stellar, ICP, ETC, LEO Token, Avalanche and XRP.
The reason for that is that $ARB can ensure its holders have access to unliquidatable leveraged ETH beta. However, the analyst told the $ARB community, as if rebuking them: "You sold the airdrop."
Crypto YouTuber and influencer Lark Davis tweeted in response to that reproach that he has been staking $ARB and did not sell.
Been stacking
— Lark Davis (@TheCryptoLark) April 24, 2023
Arbitrum ranks 35th on the CoinMarketCap scale. At the time of this writing, $ARB is changing hands at $1.31 after a minor drop of less than 1% in the past 24 hours.
1
coinpedia.org
blockchainreporter.net
