Data: Arca transferred all 1.48 million ARB to Binance, expecting a loss of 460,000 USD

ChainCatcher news, on-chain analyst Yu Jin stated that about a few hours ago, Arca withdrew 1.48 million ARB (worth approximately 1.68 million USD) from Coinbase at a price of 1.13 USD. Early this morning, Arca transferred all ARB to Binance at a price of 0.82 USD. After holding for 4 months, Arca's ARB investment is expected to realize a loss of 460,000 USD (-27%). Additionally, the Arca address currently still holds DYDX and GMX, both of which are also in a state of unrealized loss.