Fish and shrimp have increased their holdings over the last week, while whales are holding their assets. ARB’s price action has continued to remain bearish.
Though this indicated that whales were stockpiling, the reality was a bit different. A look at Santiment’s chart revealed that it was not the whales who were buying, but the fish and shrimp who increased their holding.
This fact was evident from the rise in the number of addresses with a balance of ARB. On the other hand, ARB addresses with balances greater than 10 ARB remained relatively flat. In fact, whale activity around the token was low, as evident from the number of whale transactions over the last week.Apart from whale activity, several other metrics were also not in the token’s favor. For instance, its MVRV ratio plummeted sharply last week. Its daily trading volume dropped, signaling less interest from investors in trading the token.
Moreover, Arbitrium’s 1-week price volatility also dropped, which decreased the chances of a sudden northbound price movement.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Every fish in B.C.'s Emerald Lake may have to be killed after signs of rare parasite detectedParks Canada says it is investigating a suspected case of whirling disease in Emerald Lake, in B.C.'s Yoho National Park.
Read more »
US ambassador to Japan calls Chinese ban on Japanese seafood 'economic coercion'TOKYO (AP) — U.S. Ambassador to Japan Rahm Emanuel accused China on Friday of using “economic coercion” against Japan by banning imports of Japanese seafood in response to the release of treated wastewater from the damaged Fukushima nuclear plant into the ocean, while Chinese boats continue to fish off Japan's coasts. “Economic coercion is the most persistent and pernicious tool in their economic toolbox,” Emanuel said in a speech Friday in Tokyo, calling China's ban on Japanese seafood the late
Read more »
Judge blocks government plan to scale back Gulf oil lease sale to protect whale speciesNEW ORLEANS (AP) — A federal judge has ordered the Interior Department to expand next week's scheduled sale of of Gulf of Mexico oil and gas leases by millions of acres, rejecting a scaled-back plan announced last month by the Biden administration as part of an effort to protect an endangered whale species. As originally proposed in March, the Sept. 27 sale was would have made 73 acres (30 hectares) of offshore tracts available for drilling leases. That area was reduced to 67 acres (27 hectares)
Read more »
Judge blocks government plan to scale back Gulf oil lease sale to protect whale speciesA federal judge has ordered the Interior Department to expand next week's scheduled sale of of Gulf of Mexico oil and gas leases by millions of acres, rejecting a scaled-back plan announced last month by the Biden administration as part of an effort to protect an endangered whale species.
Read more »
Whale acquires Ethereum in bulk: What’s going on?A smart money investor accumulates about 24,500 Ethereum tokens in September, even as price of the largest altcoin falls in the last few days.
Read more »
Judge blocks government plan to scale back Gulf oil lease sale to protect whale speciesNEW ORLEANS (AP) — A federal judge has ordered the Interior Department to expand next week's scheduled sale of of Gulf of Mexico oil and gas leases by millions of acres, rejecting a scaled-back plan announced last month by the Biden administration as
Read more »