Shibarium, the Layer 2 scaling solution of the Shiba Inu ecosystem, has hit a key milestone. Shibarium’s first launch was botched earlier this month,
Arbitrum price could see an explosive move to the upside as major buy signals emerge. Additionally, high net-worth investors are scooping up ARB tokens, a move that further strengthens the bullish outlook for the Layer 2 token.
Arbitrum price registered a 24% crash 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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