According to Foresight News, according to Lookonchain monitoring, a whale holding 12,200 ETH (about 21 million US dollars) deposited 500 ETH (about 865,000 US dollars) into Arbitrum and spent 300 ETH (519,000 US dollars) to buy 511,000 ARBs at a price of 1.02 US dollars. The whale has been dormant for 6 months, and the last transaction was to buy 87,976 MAGICs at a price of 0.68 US dollars on December 16 last year.