Arbitrum’s ARB price set to rally as whales add 586 million tokens to holdings

Arbitrum price could see an explosive move to the upside as major buy signals emerge. Additionally, high net-worth investors are scooping up ARB token

On-chain metrics also show bullish accumulation from whales.

between August 15 and 17, which created a local bottom at $0.882. This dip was the perfect opportunity for whales who have been accumulating ARB. According to data analytics platform Santiment, whales holding 1 million to 10 million tokens scooped up 586 million ARB between August 14 and 31. This 77% uptick in their holdings indicates that the investors bought the dip, which is a bullish sign for the token’s price.

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