The on-chain analysis platform, Lookonchain, took to Twitter earlier this morning to share more about one of the largest Arbitrum (ARB) buyers. According to the post, the largest buyer of ARB on the first day of listing received 5 million ARB, worth about $5.73 million, from Binance just over eight hours ago.

ARB transactions (Source: Loononchain)

At the moment, this whale holds $9.94 million ARB. This is estimated to be worth $11.33 million currently. A recent thread by the analysis platform also revealed that many whales are interested in accumulating ARB, with the top 5 biggest whales all buying more than 1 million tokens.

ARB price (Source: CoinMarketCap)

Today, ARB occupies the top spot on CoinMarketCap’s trending list, but unfortunately not for the best reasons. ARB is currently trading hands at $1.15 after an 8.66% drop in price over the last 24 hours. ARB also reached a low of $1.12 and a high of $1.27 over the same time period.

Looking at ARB’s weekly performance, it is clear that the altcoin has some work to do as the crypto is currently down by more than 90% over the last week. The trading volume of ARB is in the red zone at the moment, and now stands at $974,964,055 after a more than 8% decline since yesterday.

With its market cap of $1,468,057,754, ARB is currently ranked as the 38th biggest crypto in terms of market capitalization. This places the altcoin right behind ApeCoin (APE) in the 37th position and in front of Quant (QNT) which is ranked 39th.

#ARBITRUM #Altcoin #APE #crypto2023 #cryptotrading

The ApeCoin Community has voted on a proposal that suggested the creation of a new NFT series, rejecting the idea. ApeCoin Armory Club and Ape Coin Pet Club were the two NFT collections.

The ApeCoin DAO has rejected a proposal that would have introduced two new NFT collections. The two collections are Ape Coin Armory Club and Ape Coin Pet Club, which were designed to have 20,000 NFTs each. 83.95% of the voters rejected the proposal, with 10.01% of the community in favor of it. The NFTs would have been handed out to the crypto community for free, with the overall cost estimated at $168,000.

ApeCoin Community Voting Against New NFT Collections: Snapshot

The multi-link nature of the NFT collections meant that it could have been linked to other NFT and metaverse projects, like Otherside, Decentraland, and The Sandbox. One such possibility, which the proposal hints at, is that the NFTs could have appeared in the 3D worlds of other metaverse projects.

Images from Ape Coin Pet Club: AIP-206

The full proposal showcased images of the NFTs, with the ape logo appearing on a shield. There were also images of the pets that would have formed the Ape Coin Pet Club. The proposal claims that all of the NFTs from both collections “are unique in their own way some with more rare features.”

ApeCoin Team’s Otherside Second Trip Looked Like a Hit

Meanwhile, Yuga Labs, the company behind the Bored Ape Yacht Club, recently announced the Otherside Second Trip event captains. These captains are Jimmy Wong, Brycent, Lowbellie, and Cordell Broadus, and they led four separate teams.

Second Trip is a virtual event where 10,000 hodlers of its Otherdeeds NFTs will test the Otherside metaverse experience. The event seemed to have been successful, with over 7,200 concurrent players at one point.

Yuga Labs’ Bitcoin NFTs a Success

NFTs still seem to have a strong pull on investors, with Bitcoin NFTs especially taking off. Yuga Labs recently auctioned its first Bitcoin-based NFT collection, raking in $16.5 million in just 24 hours. The highest bidder paid over 7 BTC for one of the assets in the Bitcoin Ordinal collection called TwelveFold.

NFTs are also growing in the mainstream world, with Amazon potentially releasing its own NFTs. Amazon Web Services has hinted at its foray into the space by announcing a collaboration with Ava Labs.

#APE #APECOIN #Binance #nftcommunity #NFT