Multiple whale addresses are heavily accumulating ARB.
According to Lookonchain's monitoring, multiple whale addresses are heavily increasing their holdings of ARB. One whale address starting with "0xb28f" spent 200 ETH at a price of 1.16 USD to increase their holdings by 321,934 ARB two hours ago. This same address previously spent 300 ETH at a price of 0.98 USD to purchase 538,558 ARB on June 10th.
Another whale address starting with "0x79cc" spent 1,058,665 USDC at a price of 1.13 USD to purchase 937,176 ARB approximately 10 hours ago.
As of the time of writing, ARB is trading at 1.2107 USD, with a 24-hour increase of 10.40%.