Whale Activity Leads to Massive Sell-off of Ethereum Layer-2 Token on Exchanges

The price of Arbitrum (ARB), a leading layer-2 scaling solution for the Ethereum network, has experienced a decline following a significant token unlock event that saw large investors, colloquially known as whales, sell-off a significant amount on exchanges.  According to blockchain analysis service Lookonchain, Arbitrum whales deposited roughly $58 million worth of ARB tokens into […]