0xScope Newsletter #36: Whales Stash $ARB Before $2.3B Unlock
Also: Learn how to do degen trading with AI, check exchange inflows and major token unlocks, and more.
Research
Scoped on Scopescan: Whales Stash $ARB Before $2.3B Unlock
Arbitrum ($ARB) is unlocking $2.3B worth of its tokens, or about 76% of its circulating supply, on March 16. Some whales stockpiled $ARB ahead of one of the biggest token unlocks this year:
Wintermute accumulated 18.8M $ARB ($40M) from Binance
Whale 0x4009 withdrew 1.5M $ARB ($3.2M) from Binance.
Here are other notable whale transactions this past week:
The 3AC liquidation wallet now holds $1.1B worth of $WLD and $STRK tokens following the latter’s recent TGE.
B2C2Group transferred 400B $SHIB ($13M) to Robinhood after withdrawing from OKX and Coinbase, making Robinhood the third-biggest $SHIB holder with 39T $SHIB ($1.25B).
Speaking of $SHIB, 9 new addresses withdrew 561B $SHIB ($18M) from Coinbase.
Whale 0xa07f sent 1.1M $HIFI ($922K) to Upbit on March 12 and another 4.5M $HIFI ($5.38M) a day after.
Don’t miss out on the latest whale movements. Sign up for Scopescan here.
Degen Trading with AI
For traders who can tolerate high risks in the name of bigger gains, degen trading might suit you best. Know what to track for Degen Trading and how to use AI to spot hot tokens in this guide.
Also, check out our other AI-powered trading strategy guides:
Trend Trading | Copy Trading | Signal Trading
Speaking of trading with AI, we recently found that Smart Money addresses we tracked got a 400% return for the past 30 days, compared to Bitcoin's 56%. The top 20 highest-return tokens for these investors are AI tokens and meme coins. Spot more trends from Smart Money traders using Scopechat and Scopescan.
On-chain Data
Double-digit asset gains for several major exchanges
As the crypto industry hits new heights week after week, a total of $14.9B flowed into 12 major exchanges, which all saw healthy gains this week. Four exchanges saw growth of more than 10%, led by Binance US (+15.37%) and followed by Kucoin (+14.53%), Bybit (+11.90%), and Bitstamp (+11.31%).
Amid ARB’s $2.3B unlock, check out more token cliffs
The biggest token unlock this week, and one of the biggest this year, is ARB’s unlocking of around 76% of its circulating supply on March 16. Beyond that, the next major unlocks belong to APE on March 17 ($37.29M) and MANTA on March 18 ($26.29M).
If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.
Company Announcements
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Quick Bites
Bitcoin price nears $73,000 in fresh record high - LINK
Ethereum L2s median transaction fees decline as much as 99% post-Dencun upgrade - LINK
Bernstein predicts crypto market cap could grow to $7.5 trillion by end of 2025 - LINK
Elon Musk forecasts Dogecoin payment option for buying Tesla cars 'at some point' - LINK
Meme coins strongly correlated to network growth: Franklin Templeton - LINK