Sep 12, 2023
SOC Team
Offchain Labs allegedly bought back $ARB amid massive dump
Inflow
Related addresses
Total tokens transferred
1.799M
ARB
Address 0xb41 further accumulated 1.799M $ARB from Binance at $0.78 ($1.4M) just now:
- then sent all $ARB to Offchain Labs' address 0x1e7 after each accumulation
- txid: 0x35b44c7d3570e6d2f9f849736d63000c50e8c86bf35003c9b2af9128c9453fa0
- address: 0xb41a0044b484d27e8b89abca12317898fc6e8284
- Offchain Labs' address: 0x1e7016f7c23859d097668c27b72c170ed7129a10
Notably, address 0xb41:
- has accumulated a total of 7.16M $ARB from Binance at $0.90 on average ($6.47M) since August 23 (20 days ago) and sent all $ARB to Offchain Labs' address 0x1e7
- used to behave the same during last June’s crash: accumulating a total of 4.483M at $0.993 ($4.451M) from June 12 to June 17 then sending all $ARB to Offchain Labs (previous signal here)
- $ARB just suffered a massive dump over the past 2 days, in which eight whales have allegedly sold a total of 25.65M $ARB ($20.35M) via Binance and decentralized exchanges and suffered an estimated total loss of $16.2M (previous signal here)
Fig. Offchain Labs allegedly accumulated 7.16M $ARB from Binance at $0.9 ($6.47M) since August 23.