What to expect as sell pressure mounts on Arkham
The post What to expect as sell pressure mounts on Arkham appeared on BitcoinEthereumNews.com. ARKM was down by over 2% in the last seven days. Market indicators and metrics looked bearish on the token. Arkham [ARKM] has witnessed a substantial drop in its price over the last seven days. If that was not enough, the latest data revealed that investors were actually selling their ARKM holdings, suggesting that the token’s price might plummet further. Read Arkham’s [ARKM] Price Prediction 2023-24 A look at ARKM’s metrics and daily chart provided better clarity on what might be expected from the token. Are Arkham whales selling their holdings? Arkham has witnessed a major sell-off in the recent past that could have a negative impact on the token’s price action in the coming days. Lookonchain’s data revealed that an ARKM whale transferred over 2.2 million ARKM tokens to Wintermute. The transaction was worth more than $7 million, which was a huge amount considering the token’s market cap. The #Arkham Ecosystem Fund Wallet appears to be selling $ARKM through #Wintermute!#Arkham Ecosystem Fund Wallet transferred 21.58M $ARKM ($7.34M) to #Wintermute via wallet”0xfF3E” just now, of which 1.5M $ARKM ($510K) was deposited into #Binance. pic.twitter.com/ruTbUyWqPX — Lookonchain (@lookonchain) October 16, 2023 The latest transaction added to the misery, as ARKM was already down by nearly 7% over the past week. At the time of writing, ARKM was trading at $0.3372 with a market capitalization of over $50 million. A look at Santiment’s data revealed that investors were also selling ARKM. This was evident from the fact that the token’s supply on exchanges increased while its supply outside of exchanges remained relatively flat. Arkham’s exchange inflow also spiked last week, suggesting that selling pressure was high on the token. While this happened, the whales remained pretty dormant as the supply held by top addresses remained flat throughout the last week. Source: Santiment…
The post What to expect as sell pressure mounts on Arkham appeared on BitcoinEthereumNews.com.
ARKM was down by over 2% in the last seven days. Market indicators and metrics looked bearish on the token. Arkham [ARKM] has witnessed a substantial drop in its price over the last seven days. If that was not enough, the latest data revealed that investors were actually selling their ARKM holdings, suggesting that the token’s price might plummet further. Read Arkham’s [ARKM] Price Prediction 2023-24 A look at ARKM’s metrics and daily chart provided better clarity on what might be expected from the token. Are Arkham whales selling their holdings? Arkham has witnessed a major sell-off in the recent past that could have a negative impact on the token’s price action in the coming days. Lookonchain’s data revealed that an ARKM whale transferred over 2.2 million ARKM tokens to Wintermute. The transaction was worth more than $7 million, which was a huge amount considering the token’s market cap. The #Arkham Ecosystem Fund Wallet appears to be selling $ARKM through #Wintermute!#Arkham Ecosystem Fund Wallet transferred 21.58M $ARKM ($7.34M) to #Wintermute via wallet”0xfF3E” just now, of which 1.5M $ARKM ($510K) was deposited into #Binance. pic.twitter.com/ruTbUyWqPX — Lookonchain (@lookonchain) October 16, 2023 The latest transaction added to the misery, as ARKM was already down by nearly 7% over the past week. At the time of writing, ARKM was trading at $0.3372 with a market capitalization of over $50 million. A look at Santiment’s data revealed that investors were also selling ARKM. This was evident from the fact that the token’s supply on exchanges increased while its supply outside of exchanges remained relatively flat. Arkham’s exchange inflow also spiked last week, suggesting that selling pressure was high on the token. While this happened, the whales remained pretty dormant as the supply held by top addresses remained flat throughout the last week. Source: Santiment…
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