TREE NEWS reports: A whale address 0x204 withdrew approximately $2.34 million worth of Arbitrum (ARB) and Uniswap (UNI) tokens from Bybit over two hours, on-chain data from Arkham shows. The move came in the same week that Arbitrum unlocked more than 90 million ARB tokens. Despite the continued token unlock pressure, ARB’s price has risen sharply and held near recent highs over the past month.
Whale Withdraws $2.34M in ARB and UNI from Bybit Amid 90M ARB Unlock
Related Coin Charts
AI take
Large exchange withdrawals are typically read as accumulation rather than distribution, so this whale move cuts against the usual narrative that unlocks are pure sell pressure. The more telling detail is that ARB absorbed a 90-million-token unlock and still held near recent highs — a sign the market may already be pricing in scheduled supply. What's worth watching is whether that resilience persists as further unlock tranches arrive, and whether other large holders mirror this withdrawal behavior or move the opposite way.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
2h ago
Cysic bridge halted after unauthorized mint of 10M CYS
3h ago
Microsoft exits Nscale data centre project ahead of IPO
3h ago
Hyperliquid Seeks US Rules Protecting Its Blockchain, Pushes Oversight to App Layer
3h ago
Hong Kong Police Arrest Four Over Alleged Agarwood Crypto Investment Scam
3h ago
Analyst Darkfost: 20% US Stock Correction Unlikely to Crash Bitcoin to $10K
3h ago
Ledger CEO Rebukes Mt. Gox Ex-CEO Over Hardware Security Warning