According to CoinGecko<\/span><\/a>, the current price of ARB is $1.19, which has decreased by 4.3% in the last 24 hours, and the 7-day decrease is at 7.2%.<\/span><\/p>\n A large trader identified as 0x1dd9 sold off off 2.03 million tokens at an average price of $1.14 USDT, resulting in a loss of roughly $160,000. Despite the setback, the address still holds 500,000 ARB, implying a strategic decision to cut losses while keeping a stake in the game.<\/span><\/p>\n Another significant player, 0xca71, unloaded 1.7 million ARB tokens at an average selling price of $1.16 USDT, incurring a loss of around $270,000. Currently, the address only retains <\/span>50,000 ARB in SushiSwap’s pair liquidity<\/span><\/a>, representing a significant contrast to the volume previously held.<\/span><\/p>\n The Foundation’s recent decision to allocate millions of ARB tokens has come under intense scrutiny and criticism from all sides.<\/span><\/p>\n \u9cb8\u9c7c 0xca71 \u4e8e 5 \u5c0f\u65f6\u524d\u5356\u51fa 170 \u4e07 $ARB<\/a> \uff1a \u2014 \u4f59\u70ec (@BitcoinEmber) April 3, 2023<\/a><\/p><\/blockquote>\n To quell the rising tide of discontent, the Foundation has taken steps to provide clarity on the situation. In an effort to address the heated debates that have erupted on its governance platforms, the Foundation has come forward with an explanation for the token allocation. <\/span><\/p>\n They revealed that <\/span>40 million ARB tokens<\/a> were loaned<\/span> to a well-known player in the financial markets sector, a move that has been met with mixed reactions.<\/span><\/p>\n The buzz circling the token allocation process of the Arbitrum Foundation has caused a seismic shakeup in the value of the ARB token. The uproar has only intensified with the sudden appearance of two behemoth wallets, spilling a staggering 3.73 million ARB tokens into the market.\u00a0<\/span><\/p>\n This unwelcome surprise has added to the already prevalent pessimism, resulting in a bleak outlook for the once-promising ARB token. Traders and investors are holding their breath, anxiously awaiting the next chapter in this unfolding saga, with hopes of a positive turn in the future.<\/span><\/p>\n![\"\"](\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-4.png?resize=1261%2C68\")
<\/p>\nSource: Coingecko<\/pre>\n
Whale Sighting In SushiSwap’s ARB Token<\/strong><\/h2>\n
Arbitrum Foundation’s Token Allocation Process<\/strong><\/h2>\n
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\n\u8be5\u9cb8\u9c7c\u662f\u5728 3\/24-28 \u4ece\u4ea4\u6613\u6240\u63d0\u51fa+\u94fe\u4e0a\u4e70\u5165 195 \u4e07 ARB\uff0c\u7efc\u5408\u6210\u672c\u7ea6 $1.32\u3002
\n\u4ed6\u7684\u51fa\u552e\u5747\u4ef7\u4e3a $1.16\uff0c\u5927\u81f4\u4e8f\u635f $27 \u4e07\u3002
\n\u76ee\u524d\u8be5\u9cb8\u9c7c\u5730\u5740\u4ec5\u5269 #SushiSwap<\/a> \u4e2d\u7ec4\u6d41\u52a8\u6027\u7684 5 \u4e07 ARB\u3002 pic.twitter.com\/ObAffEnUVx<\/a><\/p>\nPrice Drop<\/strong><\/h3>\n
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Crypto total market cap currently pegged at the $1.14 trillion level on the daily chart at TradingView.com<\/a><\/pre>\n