Whales Moving Popular Altcoin to Binance: Previously Brought a Decline!

4 whale wallets made large transfers to Binance on popular Ethereum (ETH) layer-2 scaling solution Arbitrum. According to the on-chain data platform Lookonchain’s post on March 23, more than 4 whale wallets deposited Arbitrum on Binance. Despite the rise in Bitcoin, ARB did not increase while these whales moved a total of 11.34 million ARB worth 18.5 million dollars to the exchange in 20 hours. Earlier, a billion-dollar unlocking in ARB caused 11 whales to move a total of 34 million ARB worth 58 million dollars to exchanges, followed by a price decline. These transfers also raised concerns about another potential decline in prices. According to CoinGecko data, ARB is currently trading at around 1,635 dollars.