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
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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.
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