Sunday, May 18, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

How This Investment Firm Lost $465,000 In An ARB Trade

October 15, 2023
in Analysis
Reading Time: 3 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Current transactions by Arca, a distinguished funding agency, involving Arbitrum native token ARB, have once more put them beneath the highlight. In response to on-chain monitoring platform Lookonchain, the agency has suffered a considerable loss nearing half one million just lately.

Arca’s Arbitrum Cargo to Binance

Lookonchain reported earlier as we speak that Arca transferred roughly 1.49 million ARB tokens to Binance. With a price of round $1.21 million, this transaction signifies a doable liquidation of Arca’s holdings in Arbitrum (ARB).

If this had been the case, in response to Lookonchain, it could translate into a big lack of $465,000 for the funding agency. Notably, as vital because it appears, the ARB token transaction isn’t an remoted case of Arca’s investments not panning out as anticipated. Loononchain famous: “Arca’s funding this yr seems to be horrible.”

An analytical dive into the agency’s previous selections has proven related patterns. As an example, Arca’s foray into GMX and DYDX left them with losses of $231,000 and $304,000, respectively. Their stakes in DPX and SYN additional compounded their unfavourable streak, leading to losses of $142,000 and $107,000.

Arca (@arca) deposited 1.49M $ARB ($1.21M) to #Binance at a worth of $0.815 5 hours in the past and is predicted to lose $465K.

Arca’s funding this yr seems to be horrible.

Misplaced $213K on $GMX, $304K on $DYDX, $142K on $DPX, $107K on $SYN;

Solely made a revenue of $294K on $RDNT. pic.twitter.com/qPSuZc4MSA

— Lookonchain (@lookonchain) October 12, 2023

Silver Linings Amid Funding Storms

Nevertheless, it’s essential to notice that not all is gloomy for Arca. Funding is as a lot about technique as it’s about timing, and whereas the agency has confronted setbacks, they’ve additionally had its share of victories.

An instance is their funding in RDNT, which proved worthwhile, netting them a revenue of $294,000, in response to the on-chain monitoring platform.

Moreover, Arca will not be alone in its latest losses with Arbitrum. The ARB token has seen a decline of almost 10% over the previous week and 1.2% in simply the final day, ensnaring quite a few merchants in its bearish trajectory.

Knowledge from Coinglass signifies that Arbitrum has witnessed complete liquidations amounting to roughly $376,160 previously 24 hours alone. A good portion of those liquidations had been lengthy positions, valued at $282,120, in comparison with brief positions at a mere $93,840.

This knowledge means that many merchants had been optimistic about ARB’s potential to observe a bullish pattern. Nevertheless, starkly contrasting their expectations, they confronted vital losses.

When writing, the ARB token is buying and selling at $0.72, marking a big drop of roughly 90% from its all-time excessive of $8.67 recorded simply seven months in the past in March.

Arbitrum (ARB) worth is transferring sideways on the 4-hour chart. Supply: ARB/USDT on TradingView.com

Featured picture from iStock, Chart from TradingView





Source link

Tags: ARBFirmInvestmentLosttrade
Previous Post

Request’s REQ Price Prediction: Might REQ Triple Its Value with Growing Demand for Decentralized Invoicing?

Next Post

Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg

Related Posts

Current Consolidation Won’t Stop XRP From Growing
Analysis

Current Consolidation Won’t Stop XRP From Growing

May 17, 2025
PI coin price prediction as it drops below $1 despite $100m Pi Network Ventures launch
Analysis

PI coin price prediction as it drops below $1 despite $100m Pi Network Ventures launch

May 17, 2025
Ripple’s XRP may enable BRICS to ditch dollar and settle trade in gold
Analysis

Ripple’s XRP may enable BRICS to ditch dollar and settle trade in gold

May 16, 2025
BPEP gains steam as Eric Trump eyes cheap BTC to rival Saylor
Analysis

BPEP gains steam as Eric Trump eyes cheap BTC to rival Saylor

May 17, 2025
BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?
Analysis

BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?

May 16, 2025
XRP Moves Into Key Range Against Bitcoin As 3 Major Targets Show Up
Analysis

XRP Moves Into Key Range Against Bitcoin As 3 Major Targets Show Up

May 15, 2025
Next Post
Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg

Real Estate-Backed US Dollar Stablecoin Built on Polygon Loses 47% of Its Value After Suffering Serious Depeg

Onchain Game Engines 🕹 – by William M. Peaster

Onchain Game Engines 🕹 - by William M. Peaster

Standard Chartered Says Ethereum Price Can Reach $35,000, Here’s When

Standard Chartered Says Ethereum Price Can Reach $35,000, Here’s When

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In