What's up, my lovely people! 👋 Ready to find out the latest move in the crypto world? Stay tuned, because things are getting exciting with Arbitrum (ARB)! 🚀
It turns out that the folks at Lookonchain are keeping a close eye on the activity of the "whales", those sharks that move a fortune in cryptocurrencies! And what they saw is enough to trigger the opportunity alarms. Imagine that a multi-signature wallet, said to belong to the folks at Gelato Network, released 20 million ARB tokens, which is about 5.39 million dollars! 🤯 And who did they send it to? None other than GSR, a heavyweight in market making!
After that move, GSR went crazy trading ARB. It seems that the public wallet of these folks put in 9.48 million ARB (that's about 3.1 million dollars!) on Binance. This smells like they are systematically accumulating, as if they know something we don’t! 🤫
But that's not all, my dear friends. The native tokens of Arbitrum are skyrocketing! The token of Camelot DEX, GRAIL, surged 34% in the last 24 hours! They say it was due to the launch of Yapyo on that platform. A serious thing! 🔥
And if we look at the numbers, it gets even more interesting. According to DefiLlama, the total value of assets locked in the Arbitrum network is already around 2.5 billion dollars. That's a lot of money, folks! 🤑
Moreover, the network is more active than ever. In the last seven days, they had 440,000 active wallet addresses, a 20% increase compared to May! People are really getting into Arbitrum! Fire to 🔥.
Oh, and hold onto your seats: the market capitalization of stablecoins on Arbitrum has already surpassed $3.3 billion, maintaining a lead of over $1 billion over other networks like Polygon, Sui, Avalanche, and Aptos! Arbitrum is unstoppable! 👑
And if you’re someone who likes to look at charts, the 30-minute chart for ARB/USDT is screaming "upward!" After consolidating, the price strongly recovered and broke a "flag" pattern, confirming that the trend is bullish. Experts say that if the momentum continues like this, we could see ARB at $0.3828, then at $0.4009, and, watch out!, even at $0.4229. So stay alert! 🚨
