Based on the monitoring of on-chain analyst Yu Jin, a whale may have bought 2.28 million ARB tokens (worth $1.86 million) through FalconX since the price of ARB reached a new low. These 2.28 million ARB tokens were withdrawn from Binance to FalconX address on 9/14 and today (9/23), and then transferred to the address. The average cost price of the whale may be $0.81.
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