Data: The giant whale address sold 1.08 million ARB 4 hours ago, incurring a loss of 276,000 USD

According to ChainCatcher news, data from lookonchain shows that a whale address starting with 0x494a sold 1.08 million ARB four hours ago, incurring a loss of $276,000. It is reported that this whale address previously bought 1.08 million ARB at an average price of $1.25 on June 2, with a total investment of $1.34 million. Notably, this address purchased ARB two hours after Andrew Kang's buy, possibly influenced by Andrew Kang's trading actions.

Earlier, ChainCatcher reported that Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, bought 1.17 million ARB at an average price of $1.21 on June 2, and on the evening of June 10, sold 217,000 ARB on-chain at a price of $0.97; 953,000 ARB were transferred to Binance. It is expected that his ARB investment incurred a loss of $280,000, with a loss rate of 20%. (source link)