A whale sold 27.2 million ARC accumulated a month ago, suspected to have triggered the price drop.
According to TechFlow, on December 28, Arkham monitoring data showed that about five hours ago, a certain whale completely sold off a total of approximately 27.2 million AR, worth about $1.2 million. The related exit transactions were executed near its breakeven point. However, the price of ARC subsequently dropped sharply and once fell below $0.04. It has since slightly rebounded to $0.04185, with a 24-hour decline of 10.2%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda (HMC.US) firmly pursues the "ditch electric for hybrid" strategy, plans to invest $2.5 billion to build a new hybrid car factory in the US
Honda plans to build a new hybrid vehicle manufacturing plant in Ohio, USA.
The Fed Just Raised Rates, But Berkshire's Cash Payoff Hasn't Shown Up Yet
Crypto prices
More
