Giant Crypto Market Maker Sells on Arbitrum (ARB) Again!

Large investors have now started to move away from ARB.

Arbitrum (ARB), an altcoin that performed well below the expectations of cryptocurrency investors during the recent rise, disappointed many crypto lovers. Lock openings on Arbitrum seem to have caused a very serious pressure on the ARB price.

Recently, large investors have started to move away from ARB. Giant crypto market maker Wintermute continues its ARB sales.

“Wintermute Trading deposited another 5 million ARBs (worth $8.24 million) to Binance in the last 7 hours at an average price of $1.65.

In particular, the market maker had sold 22.09 million ARBs (worth $36.7 million) on exchanges before the price drop last week.

Currently, Wintermute has only 10.1 million ARBs in its portfolio (worth $16.7 million).”

If there is no change in Arbitrum in the coming period, Wintermute is expected to sell its remaining 10 million ARB through the stock exchanges.

Stay tuned for updates