According to CryptoSlate data, Arbitrum (ARB) reversed its recent rise and fell 12.69% over the past 24 hours.
The drop came at a time when Bitcoin (BTC) also fell below the $30,000 mark, sending many altcoins down, including ARB.
Seven days before the time of writing, on April 12, ARB was trading at around $1,167. The token started to rise after that, reaching a high of $1,795 on April 18 – an increase of more than 53% in six days.
The wave was also spotted by whales. Data from April 18 showed that whales traded ARB during the week of April 10 – 17.
As of April 18, there are 23 whale accounts with over 1 million ARB tokens. During the week, nine whale wallets cumulatively purchased 12.4 million ARB tokens between $1.2 and $1.5. Meanwhile, three whales have sold a total of 22.8 million ARB at $1.37 and $1.69.
Despite the weekly rise in ARB prices, CryptoSlate data indicates that the token price is 94.18% lower than 30 days ago.
BTC flash crash
At 07:00 UTC on April 19, BTC broke below $30,000. According to CryptoSlate data, BTC’s performance over the last 24 hours is down 2.21%.
On April 14, BTC rose to $30,963. At the time of writing, it is trading at $29,255, down 5.5%.
Meanwhile, among the top 100 altcoins, the most prominent losers in the wreckage of the flash crash were Dash at 4.4%, MultiversX at 4.1%, and CurveDAO at 4%.
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