Arbitrum Faces Decline Amidst Market Volatility

2024-4-3 09:02

Arbitrum’s value has seen a continuous decline as the new trading week unfolds, with a 4% decrease recorded today.

Spotonchain reports indicate that Wintermute Trading has made additional deposits of 5 million ARB ($8.24 million) to Binance, averaging at $1.65 over the past 6 hours. 

Notably, this market maker has predominantly focused on unloading 22.09 million ARB ($36.7 million) to Binance and Bitfinex, anticipating a price drop in the preceding week. 

Wintermute Trading (@wintermute_t) further deposited 5M $ARB ($8.24M) to #Binance at ~$1.65 in the past 7 hours.

Notably, the market maker mostly focused on unloading 22.09M $ARB ($36.7M) to CEX ahead of a price drop in the past week.

Current holding: 10.1M $ARB ($16.7M).

Will… https://t.co/Ftt9zKGTAt pic.twitter.com/gH1nihdFkM

— Spot On Chain (@spotonchain) April 1, 2024

Currently, Wintermute Trading’s holdings stand at 10.1 million ARB ($16.57 million).

Arbitrum Claims Top Spot In Layer-2 Platform With TVL

Coin98analytics data reveals that Arbitrium claimed the top spot in Layer2 platforms with the highest Total Value Locked (TVL) at the end of Q1/2024, amounting to 3.2 billion.

The rankings include prominent platforms such as Blast, Base, Optimism, Starknet, Mantle, Manta, zkSync, Mode, Linea, Metis, and Scroll.

At the end of Q1/2024, exploring the top #Layer2 platforms with the highest TVL

1. Arbitrum
2. Blast
3. Base
4. Optimism
5. Starknet
6. Mantle
7. Manta
8. zkSync
9. Mode
10. Linea
11. Metis
12. Scroll pic.twitter.com/MZkbVz2ugN

— Coin98 Analytics (@Coin98Analytics) March 31, 2024

The fluctuating market conditions reflect the ongoing volatility in the cryptocurrency landscape, impacting assets like Arbitrum. 

Investors and traders are closely monitoring these developments as they navigate through the market uncertainties.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Доступно / Всего 2.025m OTN / 100m OTN

arbitrum trading decline spotonchain reports arb recorded

Источник: nulltx.com

arbitrum trading → Результатов: 94


Фото:

Premia Blue Introduces Unique DeFi Options Trading on Arbitrum

In a bid to introduce a new era of defi trading, Premia Blue has launched as the first-ever DeFi options exchange on Arbitrum, a leading Layer 2 blockchain ecosystem. Premia Blue’s DeFi options exchange opens up a world of possibilities for traders and liquidity providers, offering fully customizable European-style crypto options with market-driven pricing. Notably, […]

2023-9-14 00:23


Best DEX on Arbitrum: Decentralized Exchanges on Arbitrum Chain

Arbitrum, the popular Layer Two blockchain platform on Ethereum, has become a thriving hub for decentralized exchanges (DEXs) due to its fast transactions and minimal fees. As crypto enthusiasts flock to this censorship-resistant and cost-effective solution, several prominent DEXs have emerged, providing a plethora of options for crypto trading, yield farming, and decentralized lending/borrowing.

2023-8-2 15:56


Prominent Analysts Paint a Grim Picture for Polygon, but See Upside for Arbitrum and Layer Zero

In recent news, two leading cryptocurrency market analysts have put forward their predictions on the future of Polygon (MATIC), and their findings may worry investors. TraderSZ and Trader_XO, renowned figures in the crypto trading community, are advising caution on MATIC while expressing bullish sentiments towards other Layer 2 solutions such as Arbitrum (ARB) and Layer […] The post Prominent Analysts Paint a Grim Picture for Polygon, but See Upside for Arbitrum and Layer Zero appeared first on CaptainAltcoin.

2023-7-25 13:39


дальше еще 45 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin reclaims key support above $60,000 after attempt to sweep March lows

Bitcoin (BTC) reclaimed the crucial $60,000 support level in a show of resilience after bears made an attempt to sweep the lows set in March at $59,000, based on CryptoSlate data. The flagship crypto was trading at $60,800 as of press time after falling more than 5% to roughly $59,100 on April 30 as New […] The post Bitcoin reclaims key support above $60,000 after attempt to sweep March lows appeared first on CryptoSlate.