Crypto whales have been showing increased interest in altcoins Arbitrum (ARB) and Optimism (OP), according to a crypto analyst known as the Data Nerd. A large holder withdrew 10 million ARB tokens and 2 million OP coins from Binance, indicating growing interest in these tokens. This comes as whales have been accumulating ARB and OP tokens to reposition their holdings, particularly following the recent price reduction triggered by the Federal Reserve's actions in the global markets. These layer-2 scaling solutions offer more affordable gas fees and quicker transactions than Ethereum, making them appealing to developers and users. Despite recent downward trends, big investors purchasing ARB and OP tokens indicate confidence in their long-term potential.
- Content Editor ( blockchainreporter.net )
- 2024-12-31
Wintermute Withdraws $7.61m ARB and $2m OP; Signaling Whales Renew Arbitrum Optimism Interest