{"id":555201,"date":"2023-10-12T21:30:03","date_gmt":"2023-10-12T21:30:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=555201"},"modified":"2024-06-11T14:30:05","modified_gmt":"2024-06-11T14:30:05","slug":"arbitrum-sale-on-binance-how-this-investment-firm","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/arbitrum-sale-on-binance-how-this-investment-firm\/","title":{"rendered":"Arbitrum Sale On Binance: How This Investment Firm Lost $465,000 In An ARB Trade"},"content":{"rendered":"

Recent transactions by Arca, a prominent investment firm, involving Arbitrum native token ARB, have again put them under the spotlight. According to on-chain tracking platform Lookonchain, the firm has suffered<\/a> a substantial loss nearing half a million recently.<\/span><\/p>\n

Arca’s Arbitrum Shipment to Binance<\/span><\/h2>\n

Lookonchain reported earlier today that Arca transferred roughly 1.49 million ARB tokens<\/a> to Binance. With a value of around $1.21 million, this transaction indicates a possible liquidation of Arca’s holdings in Arbitrum (ARB).<\/span><\/p>\n

Related Reading: Arbitrum: What\u2019s In Store For ARB Token After Unlock?<\/a><\/div>\n

If this were the case, according to Lookonchain, it would translate into a significant loss of $465,000 for the investment firm.\u00a0<\/span>Notably, as significant as it seems, the ARB token transaction isn’t an isolated case of Arca’s investments not panning out as anticipated. Loononchain noted: “Arca’s investment this year appears to be terrible.”<\/span><\/p>\n

An analytical dive into the firm’s past decisions has shown similar patterns. For instance, Arca’s foray into GMX and DYDX left them with losses of $231,000 and $304,000, respectively. Their stakes in DPX and SYN further compounded their negative streak, resulting in losses of $142,000 and $107,000.<\/span><\/p>\n

\n

Arca (@arca<\/a>) deposited 1.49M $ARB<\/a> ($1.21M) to #Binance<\/a> at a price of $0.815 5 hours ago and is expected to lose $465K.<\/p>\n

Arca’s investment this year appears to be terrible.<\/p>\n

Lost $213K on $GMX<\/a>, $304K on $DYDX<\/a>, $142K on $DPX<\/a>, $107K on $SYN<\/a>;<\/p>\n

Only made a profit of $294K on $RDNT<\/a>. pic.twitter.com\/qPSuZc4MSA<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) October 12, 2023<\/a><\/p><\/blockquote>\n

Silver Linings Amid Investment Storms<\/span><\/h2>\n

However, it’s crucial to note that not all is gloomy for Arca. Investment is as much about strategy as it is about timing, and while the firm has faced setbacks, they’ve also had its share of victories. <\/span><\/p>\n

An example is their investment in RDNT, which proved profitable, netting them a profit of $294,000, according to the on-chain tracking platform.<\/span><\/p>\n

Furthermore,\u00a0Arca is not alone in its recent losses with Arbitrum<\/a>. The ARB token has seen a decline of nearly 10% over the past week and 1.2% in just the last day, ensnaring numerous traders in its bearish trajectory<\/a>.<\/span><\/p>\n

Data<\/a> from Coinglass indicates that Arbitrum has witnessed total liquidations amounting to approximately $376,160 in the past 24 hours alone. A significant portion of these liquidations were long positions, valued at $282,120, compared to short positions at a mere $93,840.<\/span><\/p>\n

This data suggests that many traders were optimistic about ARB’s potential to follow a bullish trend. However, starkly contrasting\u00a0their expectations<\/a>, they faced significant losses.<\/span><\/p>\n

Related Reading: Arbitrum Price Sinks To A New All-Time Low \u2013 What Is Behind This Decline?<\/a><\/div>\n

When writing, the ARB token is trading at $0.72, marking a significant drop of roughly 90% from its all-time high<\/a> of $8.67 recorded just seven months ago in March.<\/span><\/p>\n

\"Arbitrum
Arbitrum (ARB) price is moving sideways on the 4-hour chart. Source: ARB\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Recent transactions by Arca, a prominent investment firm, involving Arbitrum native token ARB, have again put them under the spotlight. According to on-chain tracking platform Lookonchain, the firm has suffered a substantial loss nearing half a million recently. Arca’s Arbitrum Shipment to Binance Lookonchain reported earlier today that Arca transferred roughly 1.49 million ARB tokens to Binance. With a value of around $1.21 million, this transaction indicates a possible liquidation of Arca’s holdings in Arbitrum (ARB). Related Reading: Arbitrum: What\u2019s In Store For ARB Token After Unlock? If this were the case, according to Lookonchain, it would translate into a significant loss of $465,000 for the investment firm.\u00a0Notably, as significant as it seems, the ARB token transaction isn’t an isolated case of Arca’s investments not panning out as anticipated. Loononchain noted: “Arca’s investment this year appears to be terrible.” An analytical dive into the firm’s past decisions has shown similar patterns. For instance, Arca’s foray into GMX and DYDX left them with losses of $231,000 and $304,000, respectively. Their stakes in DPX and SYN further compounded their negative streak, resulting in losses of $142,000 and $107,000. Arca (@arca) deposited 1.49M $ARB ($1.21M) to #Binance at a price of $0.815 5 hours ago and is expected to lose $465K. Arca’s investment this year appears to be terrible. Lost $213K on $GMX, $304K on $DYDX, $142K on $DPX, $107K on $SYN; Only made a profit of $294K on $RDNT. pic.twitter.com\/qPSuZc4MSA \u2014 Lookonchain (@lookonchain) October 12, 2023 Silver Linings Amid Investment Storms However, it’s crucial to note that not all is gloomy for Arca. Investment is as much about strategy as it is about timing, and while the firm has faced setbacks, they’ve also had its share of victories. An example is their investment in RDNT, which proved profitable, netting them a profit of $294,000, according to the on-chain tracking platform. Furthermore,\u00a0Arca is not alone in its recent losses with Arbitrum. The ARB token has seen a decline of nearly 10% over the past week and 1.2% in just the last day, ensnaring numerous traders in its bearish trajectory. Data from Coinglass indicates that Arbitrum has witnessed total liquidations amounting to approximately $376,160 in the past 24 hours alone. A significant portion of these liquidations were long positions, valued at $282,120, compared to short positions at a mere $93,840. This data suggests that many traders were optimistic about ARB’s potential to follow a bullish trend. However, starkly contrasting\u00a0their expectations, they faced significant losses. Related Reading: Arbitrum Price Sinks To A New All-Time Low \u2013 What Is Behind This Decline? When writing, the ARB token is trading at $0.72, marking a significant drop of roughly 90% from its all-time high of $8.67 recorded just seven months ago in March. Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":555202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,88023,84309,88077,87289],"class_list":["post-555201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-arb","tag-arbitrum","tag-arbusdt","tag-arca"],"acf":[],"yoast_head":"\nArbitrum Sale On Binance: How This Investment Firm Lost $465,000 In An ARB Trade<\/title>\n<meta name=\"description\" content=\"Recent transactions by Arca, a prominent investment firm, involving Arbitrum native token ARB, have again put them under the spotlight...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. 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Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Arbitrum Sale On Binance: How This Investment Firm Lost $465,000 In An ARB Trade","url":"http:\/\/uniquehot.com\/news\/arbitrum-sale-on-binance-how-this-investment-firm\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/arbitrum-sale-on-binance-how-this-investment-firm\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Arbitrum-Sale-On-Binance-How-This-Investment-Firm-Lost-465000-.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Arbitrum-Sale-On-Binance-How-This-Investment-Firm-Lost-465000-.jpg?fit=509%2C339"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","arb","arbitrum","arbusdt","arca"],"dateCreated":"2023-10-12T21:30:03Z","datePublished":"2023-10-12T21:30:03Z","dateModified":"2024-06-11T14:30:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Arbitrum Sale On Binance: How This Investment Firm Lost $465,000 In An ARB Trade\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/arbitrum-sale-on-binance-how-this-investment-firm\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/arbitrum-sale-on-binance-how-this-investment-firm\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Arbitrum-Sale-On-Binance-How-This-Investment-Firm-Lost-465000-.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Arbitrum-Sale-On-Binance-How-This-Investment-Firm-Lost-465000-.jpg?fit=509%2C339\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"arb\",\"arbitrum\",\"arbusdt\",\"arca\"],\"dateCreated\":\"2023-10-12T21:30:03Z\",\"datePublished\":\"2023-10-12T21:30:03Z\",\"dateModified\":\"2024-06-11T14:30:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Arbitrum-Sale-On-Binance-How-This-Investment-Firm-Lost-465000-.jpg?fit=509%2C339","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/555201"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=555201"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/555201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/555202"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=555201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=555201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=555201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}