Whales holding ARB are continuously buying more $ARB after Arbitrum officially distributed ARB tokens to projects across the ecosystem.
After Arbitrum began distributing $ARB to qualified DAOs across the ecosystem, some whales holding ARB continued to purchase large amounts of $ARB.
According to data from Lookonchain, today, a whale with address “0x4322” spent 80 ETH to buy about 146000 USD worth of ARB at a price of 1.34$, bringing the total amount of $ARB held by this whale holding up $1.78 million ARB.
Not long after, another whale with the address “0x09d4” purchased an additional 142459 $ARB at $1.38 (about 200000 USD) from Binance and increased this whale's $ARB holdings to 1.95 million $ARB with worth about 2.89 million USD.
In addition, Lookonchain also added that the whale with the address "0x4322" has made a profit of more than 7.3 million USD in recent times.
