Arbitrum Upon digging deeper, AMBCrypto noticed that one of the whales transferred 916,787 tokens to Binance at the prevailing rate.
The whale withdrew this amount 2.5 months ago and might profit by $608k if they decide to cash out. Similarly, the other whale sent 1.85 million ARBs to Binance, sitting on unrealized profits of $2.67 million. Together, the two entities stood to gain $3.3 million in profits if they decided to sell their holdings at the prevailing price.
This development was part of a broader increase in ARB’s high-value transactions over the week, AMBCrypto noticed using Santiment data.Note that ARB doesn’t accrue any value from Arbitrum’s on-chain activity. That being said, it could benefit solely from the positive sentiment surrounding L2s, specifically Arbitrum.Secondly, ARB was set to witness its biggest unlock ever on the 16th of March. A humungous 1.