ARB down over 12% – reversing recent price surge as altcoins bleed

according to crypto slate Data shows that Arbitrum (ARB) has reversed its recent surge, falling 12.69% over the past 24 hours.

Bitcoin (BTC) also fell below $30,000 and many altcoins, including ARB, fell.

On April 12th, 7 days before the time of writing, ARB was trading around $1.167. After that, the token started to skyrocket, reaching $1.795 on April 18, a 6-day climb of over 53%.

ARB to USD (Source: CryptoSlate)

Surge was also aware of whales. Data from April 18 revealed that the whale was trading his ARB during the week of April 10-17.

As of April 18th, there are 23 whale accounts holding over 1 million ARB tokens. This week, nine whale wallets have cumulatively purchased 12.4 million of his ARB tokens between his $1.2 and $1.5. During that time, three whales sold him for $1.37 and he sold for a total of 22.8 million ARB from $1.69.

But despite ARB prices skyrocketing weekly, crypto slate Data shows that the token price is 94.18% lower than it was 30 days ago.

BTC Flash Crash

At 07:00 UTC on April 19, BTC broke below $30,000.according to crypto slate According to the data, BTC’s performance has decreased by 2.21% over the last 24 hours.

BTC to USD (Source: CryptoSlate)
BTC to USD (Source: CryptoSlate)

On April 14th, BTC surged 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 notable losers to the flash crash wreckage were Dash, down 4.4%, MultiversX, down 4.1%, and CurveDAO, down 4%.

Post ARB Drops Over 12% – The recent price surge due to the altcoin outflow first appeared on CryptoSlate.

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