Arbitrum (ARB) on Solid 8% Rise as Whales and Andrew Kang Chipping In

Prominent $ARB whales and traders feel like the popular L2 token will show us outstanding performance in the foreseeable future

, known for his acumen in spotting and backing promising projects, has made a significant move toward ARB. He sold all of his holdings in RDNT, only to reinvest the proceeds in ARB, purchasing a total of 723,311 ARB, equivalent to $867K, at an average price of $1.2 per token.Notably, he then proceeded to deposit all of his newly acquired ARB tokens into RDNT Capital, suggesting an optimistic outlook on the token's future performance.

Additionally, another whale, known by the address"0xf59b," has also decided to capitalize on ARB's rise. This entity deposited 1.2 million ARB into OKX. The fact that these tokens were withdrawn from OKX on May 8 and potentially purchased at around $1.2 indicates the whale was waiting for a price increase to take advantage of their holdings.

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