A giant whale sold 14 million ARB, resulting in a loss of approximately US$6 million.
Lookonchain monitoring shows that since November 16th, whales have sold all 14 million ARB tokens (valued at $14.84 million) at an average price of about $1.05. In April, the whales withdrew 22.55 million ARB tokens (valued at $27.76 million) from Binance and Gateio at an average price of about $1.23. They also deposited 8.44 million ARB tokens (valued at $6.92 million) into Binance at a price of $0.82. The total loss was $6 million.
A certain whale sold 3.8 million ARB 3 hours ago
Lookonchain monitored that a certain whale sold 3.8 million ARB tokens at an average price of $1.04, receiving 1,973 ETH (worth $3.97 million) three hours ago. Since October 23, the whale has been accumulating and providing liquidity for ARB, with an average purchase cost of around $1. The profit was approximately $275,000.
Balancer will provide an additional 1.2 million ARB incentives for its liquidity growth program on Arbitrum
On November 18th, decentralized exchange platform Balancer announced that it will provide an additional 1.2 million ARB incentives for its Liquidity Growth Program (LGP) on the Arbitrum network. This incentive comes from the Short-Term Incentive Plan (STIP) previously passed by Arbitrum. Prior to this, the total incentives provided by LGP were 1 million ARB, so the new funding injection means that the incentive intensity of the LGP program will double. Previously, the program allocated 80,000 ARB per epoch, lasting until the end of November. Now, it will allocate approximately 171,000 ARB every two weeks, lasting until the end of February next year.
An address is selling ARB at a loss and has deposited 839,899 ARB to Binance.
Lookonchain monitoring shows that an address is selling ARB at a loss. The address has started depositing ARB into Binance and has deposited 839,899 ARB (worth $906,000) to date. On April 4th and 5th, the address withdrew 17.62 million ARB (worth $20.97 million) from Binance and Gate when the price was $1.19. Then, from September 10th to 14th, the address deposited 8.44 million ARB (worth $6.9 million) to Binance at a price of $0.82. Currently, the address still holds 8.34 million ARB (worth $9 million) and has lost about $4.14 million in total on ARB.
A certain whale deposited 4.93 million ARB into Binance in the past 15 hours and would lose $1.46 million if sold.
According to Lookonchain monitoring, in the past 15 hours, a whale has deposited all 4.93 million ARB coins (worth $5.33 million) into Binance. On April 26-27, the whale withdrew 4.93 million ARB coins (worth $6.79 million) from Binance when the price was about $1.38. If sold now, the whale would lose about $1.46 million.
Arbitrum’s new proposal plans to increase the total STIP incentive budget to 71.4 million ARBs
On November 16th, Arbitrum launched a community proposal to provide reserve funds for successful STIP proposals, outlining a one-time feedback fund for all "approved but unfunded proposals" of Arbitrum STIP. The total budget is proposed to be increased by 21.4 million to 71.4 million ARB, and the total number of participating protocols is proposed to be increased by 26, with a total of 56 funded projects.
Arbitrum: Safety Committee election results have taken effect and Safe multi-sig has been updated
On November 15th, Arbitrum tweeted that the election results of the security committee had taken effect, and the SAFE multi-signature had been updated to the addresses of the 6 elected members of the security committee.
Arbitrum DAO votes to approve draft “Funding Support for STIP Proposal”
The Snapshot page shows that the vote on the "Funding Support for Successful STIP Proposals" draft by Arbitrum DAO has ended, with a final approval rate of 67.68%. It is reported that the draft plans to increase the total budget allocation (50 million ARB) of the original STIP proposal to 71.4 million ARB, and increase the total number of participating protocols by 26, for a total of 56 sponsored projects. The proposal plans to distribute ARB held by the DAO to incentive mechanisms, while utilizing the allocation system and consensus already created in STIP 1.
Camelot: ARB incentive plan allocation is being finalized and will cover more than 60 pools
Arbitrum ecological DEX Camelot announced on X platform that it is finalizing the upcoming distribution of the ARB incentive plan. This plan will incentivize more than 60 pools, including blue-chip pools, native protocols, and some new partners. The quest is about to begin.
On November 10th, Camelot announced on the X platform that the Arbitrum DAO has awarded Camelot 3 million ARB tokens for a 3-month incentive plan. The first batch of incentives will be launched in the next few days, which will be used to introduce new protocols, support native builders, and ensure long-term liquidity.
A user lost $927,000 worth of GMX after signing an address recipient transaction to the GMX Rewards Router.
Scam Sniffer on X platform stated that a user lost $927,000 worth of GMX on Arbitrum 9 hours ago after signing a "signalTransfer (recipient address)" transaction to the GMX reward router.
