Arca Sends 1.49M ARB to Binance, Losing $465K
- Lookonchain revealed in an X post today that Arca sent 1.49 million ARB to Binance a few hours ago.
- According to the post, Arca selling its ARB holdings would result in a $465K loss for the investment firm.
- This is not the first bad investment by Arca, as its positions in GMX, DYDX, DPX, and SYN all ended in losses.
Lookonchain, the on-chain tracking platform, revealed in an X (formerly Twitter) post earlier today that the investment firm Arca sent a substantial amount of Arbitrum (ARB) to Binance a few hours ago. According to the post, Arca sent 1.49 million ARB tokens, valued at $1.21 million, to the leading cryptocurrency exchange platform.
Notably, Arca selling its ARB tokens resulted in them losing $465,000, according to Lookonchain. This was not the first investment this year that has not gone in favor of Arca,…
The post Arca Sends 1.49M ARB to Binance, Losing $465K appeared first on Coin Edition.
Read More
Arca Sends 1.49M ARB to Binance, Losing $465K
- Lookonchain revealed in an X post today that Arca sent 1.49 million ARB to Binance a few hours ago.
- According to the post, Arca selling its ARB holdings would result in a $465K loss for the investment firm.
- This is not the first bad investment by Arca, as its positions in GMX, DYDX, DPX, and SYN all ended in losses.
Lookonchain, the on-chain tracking platform, revealed in an X (formerly Twitter) post earlier today that the investment firm Arca sent a substantial amount of Arbitrum (ARB) to Binance a few hours ago. According to the post, Arca sent 1.49 million ARB tokens, valued at $1.21 million, to the leading cryptocurrency exchange platform.
Notably, Arca selling its ARB tokens resulted in them losing $465,000, according to Lookonchain. This was not the first investment this year that has not gone in favor of Arca,…
The post Arca Sends 1.49M ARB to Binance, Losing $465K appeared first on Coin Edition.
Read More