PANews reported on December 28 that, according to Arkham monitoring data, about five hours ago, a whale sold off all of its holdings of approximately 27.2 millionPANews reported on December 28 that, according to Arkham monitoring data, about five hours ago, a whale sold off all of its holdings of approximately 27.2 million
A whale (a cryptocurrency investor) allegedly sold off approximately 27.2 million ARC tokens that it had accumulated a month prior, potentially triggering a drop in the price of the coin.
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PANews reported on December 28 that, according to Arkham monitoring data, about five hours ago, a whale sold off all of its holdings of approximately 27.2 million AR tokens, worth about $1.2 million. The exit transaction was executed near its break-even point. However, the price of ARC subsequently fell briefly and even dropped below $0.04. It has since recovered slightly to $0.04185, representing a 24-hour drop of 10.2%.
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