A cryptocurrency whale, well-known for selling his Arbitrum (ARB) tokens in the past, has made a new adjustment to his portfolio. Recently, the whale has sold 117 million ARB and obtained 906 Ether (ETH), then converted it into 1,901 ETH coins and exchanged them into stablecoin. Subsequently, 68 Wrapped Bitcoin (WBTC) and 872 Maker (MKR) tokens were purchased with a total of $3.11 million. In the last three days, the whale wallet has obtained 1,750 MKR at an average cost of $1429 each. This accounts for $2.5 million in terms of dollars, meaning that the whale has used approximately 80% of his funds to purchase MKR tokens and has allocated the remaining 20% to ETH tokens. Nevertheless, the current MKR price is at $1395, leading to a rough 2.3% loss on the whale's MKR trades.

It can be seen that the whale is continually readjusting his overall portfolio. Though these changes may imply risks, it should not be taken as a suggestion for any type of investment. Everyone is advised to exercise caution and carefully consider decisions before investing in cryptocurrency as market trends can quickly shift.



Other News from Today