In a stunning move, a mysterious whale has recently been spotted accumulating a huge amount of ARB. The address, known only as “0x37bf,” was created just four days ago and has already withdrawn a whopping 1.5 million ARB, worth a staggering $1.76 million at the time, from the popular exchange Binance.
Notably, the on-chain analyst Lookonchain shared a tweet thread commenting on the future of renewable energy and blockchain technology:
A whale is accumulating $ARB.
— Lookonchain (@lookonchain) May 16, 2023
Address"0x37bf" was created 4 days ago with 1.5M $ARB ($1.76M) withdrawn from #Binance at $1.07 at the time.
And withdrew 1M $ARB ($1.18M) from #Binance again 13 hrs ago.
The whale holds 2.5M $ARB ($2.95M) now, the average buying price is ~$1.13. pic.twitter.com/FdYcN8Top6
Notably, the whale has purchased the ARB tokens in a relatively lower price, estimated to be around $1.13, indicating that the massive ARB tokens have been accumulated by the whale while keeping their cost relatively low.
The ARB token, the native token of the ArbiSmart platform, has been making waves in the crypto industry recently. With its unique combination of high yield and low risk, the platform has attracted the attention of savvy investors looking to diversify their portfolios.
It’s unclear why this mysterious whale has accumulated such a large amount of ARB, but some speculate that they might be betting on the platform’s long-term success. Others believe that the whale might have insider information about an upcoming development or announcement that could send the price of ARB skyrocketing.
Whatever the reason, it’s clear that this whale is making a bold move in the crypto industry. As more and more investors flock to the ArbiSmart platform, it would be interesting to see how this whale’s holdings develop and whether they would continue accumulating ARB at such an impressive rate.
