Token

Arbitrum

Spot

Coin

<ul class="news-points"> 
 <li><strong>Wintermute amassed $36.3 million in ARB tokens in eight hours.</strong></li> 
 <li><strong>This coincides with a $2.23 billion ARB token unlock on March 16.</strong></li> 
 <li><strong>Ethereum’s Dencun upgrade led to decreased fees on Arbitrum’s chain.</strong></li> 
</ul> 
<p>In the past eight hours, cryptocurrency trading firm <a href="https://platform.spotonchain.com/en/profile?address=0xdbf5e9c5206d0db70a90108bf936da60221dc080" target="_blank" rel="nofollow">Wintermute Trading</a> has accumulated a net amount of 17.08 million <a href="https://coinedition.com/tag/Arbitrum-arb/">Arbitrum (ARB)</a> tokens, according to data from blockchain analysis firm Spot On Chain. This represents a total value of $36.3 million.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">In the past 8 hours, Wintermute Trading (<a href="https://twitter.com/wintermute_t?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@wintermute_t</a>) accumulated a net amount of 17.08M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a> ($36.3M) from CEX, expanding their <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a> position vastly before the upcoming massive unlock on Mar 16!<br><br>Current holding: 29.48M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a> ($61.9M).<br><br>Follow <a href="https://twitter.com/spotonchain?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@spotonchain</a> and check out the… <a href="https://t.co/mM64jxM14Z" target="_blank" rel="nofollow">pic.twitter.com/mM64jxM14Z</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1768121465084236249?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">March 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The increase in Wintermute’s ARB holdings comes just two days before a scheduled <a href="https://token.unlocks.app/arbitrum" target="_blank" rel="nofollow">unlock</a> of 1.11 billion ARB tokens, worth approximately $2.23 billion, on March 16, 2024.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img decoding="async" width="651" height="351" src="https://coinedition.com/wp-content/uploads/2024/03/Wintermute.png" alt="" class="wp-image-383806" srcset="https://coinedition.com/wp-content/uploads/2024/03/Wintermute.png 651w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-300x162.png 300w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-380x205.png 380w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-159x86.png 159w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-440x237.png 440w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-414x223.png 414w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-306x165.png 306w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-377x203.png 377w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-123x66.png 123w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-129x70.png 129w" sizes="(max-width: 651px) 100vw, 651px">
  <figcaption class="wp-element-caption">
   <em>Wintermute Trading Transactions. Source: <a href="http://platform.spotonchain.com/signal-details/wintermute-trading-accumulated-a-large-amount-of-arb-55813" target="_blank" rel="nofollow">Spot On Chain</a></em>
  </figcaption>
 </figure>
</div> 
<p>Over the past eight hours, according to Spot On Chain, Wintermute Trading withdrew 19.19 million ARB tokens from cryptocurrency exchanges Bi…</p>
<p>The post <a href="https://coinedition.com/wintermute-loads-up-on-36m-in-arb-before-major-token-unlock/">Wintermute Loads Up on $36M in ARB Before Major Token Unlock</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Wintermute Loads Up on $36M in ARB Before Major Token Unlock

Coin Edition

Other articles published on Mar 14, 2024

Netherlands imposes fine on Cryptocom over registration breaches

Ethereum’s Rally Raises Concerns Among Investors

Analyst Who Tracks Every Bitcoin Move Warns Investors About These 3 Altcoins

Robinhood Receives Upbeat $30 Target as Bernstein Foresees Crypto Boom

Bitcoin Frontier Fund announces large investments in Bitcoin ecosystem

Ethereum’s Price Surge: Is the Party Over?

Join our free newsletter for daily crypto updates!