A Crypto Whale Is Collecting This Altcoin From Binance That Everyone Is Complaining About!

Will Arbitrum (ARB) make crypto investors happy?

Arbitrum (ARB), one of the biggest projects in the cryptocurrency industry, continues to go through a bad period. Despite having such a large number of users, it is observed that ARB has still not experienced any significant increase.

Many ARB investors have now come to the point of complaining. ARB, which is traded 35% above its historical low, is positioned at $1.

Although some cryptocurrency investors are rebelling and moving away from the ARB, some cryptocurrency whales are also continuing to buy at full speed.

The Data Nerd, a successful on-chain data provider, shared the following information on the subject:

“12 hours ago a 0x695 whale withdrew 2.85 million ARBs (worth $2.94 million) from Binance.

Moreover, this crypto whale has a total of 3.13 million ARBs (worth $3.22 million) in AAVE and Compound.

This whale previously purchased a total of 39 million ARBs ($49 million worth) at an average price of $1.25, and lost more than $2 million, buying 37.5 million ARBs ($44.9 million) at an average price of $1.2. “He sold it at value.”

Although the investor, who holds a total of 5.98 million ARBs (worth 6.16 million dollars) in his portfolio, is not a giant whale in Arbitrum, he supports ARB with purchases of several million dollars when necessary.