A whale sold 27.2 million ARC accumulated a month ago, suspected to have triggered the price drop.
According to TechFlow, on December 28, Arkham monitoring data showed that about five hours ago, a certain whale completely sold off a total of approximately 27.2 million AR, worth about $1.2 million. The related exit transactions were executed near its breakeven point. However, the price of ARC subsequently dropped sharply and once fell below $0.04. It has since slightly rebounded to $0.04185, with a 24-hour decline of 10.2%.
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