{"id":30906,"date":"2023-10-12T21:53:01","date_gmt":"2023-10-13T01:53:01","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=30906"},"modified":"2023-10-12T21:53:01","modified_gmt":"2023-10-13T01:53:01","slug":"arbitrum-sale-on-binance-how-this-investment-firm-lost-465000-in-an-arb-trade","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/12\/arbitrum-sale-on-binance-how-this-investment-firm-lost-465000-in-an-arb-trade\/","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.<\/p>\n

Arca\u2019s Arbitrum Shipment to Binance<\/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\u2019s holdings in Arbitrum (ARB).<\/p>\n

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\u2019t an isolated case of Arca\u2019s investments not panning out as anticipated. Loononchain noted: \u201cArca\u2019s investment this year appears to be terrible.\u201d<\/p>\n

An analytical dive into the firm\u2019s past decisions has shown similar patterns. For instance, Arca\u2019s 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.<\/p>\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\u2019s 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>\n

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

However, it\u2019s 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\u2019ve also had its share of victories. <\/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.<\/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>.<\/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.<\/p>\n

This data suggests that many traders were optimistic about ARB\u2019s potential to follow a bullish trend. However, starkly contrasting\u00a0their expectations<\/a>, they faced significant losses.<\/p>\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.<\/p>\n

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

<\/p>\n

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.<\/p>\n

Arca\u2019s Arbitrum Shipment to Binance<\/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\u2019s holdings in Arbitrum (ARB).<\/p>\n

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\u2019t an isolated case of Arca\u2019s investments not panning out as anticipated. Loononchain noted: \u201cArca\u2019s investment this year appears to be terrible.\u201d<\/p>\n

An analytical dive into the firm\u2019s past decisions has shown similar patterns. For instance, Arca\u2019s 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.<\/p>\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\u2019s 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>\n

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

However, it\u2019s 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\u2019ve also had its share of victories. <\/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.<\/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>.<\/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.<\/p>\n

This data suggests that many traders were optimistic about ARB\u2019s potential to follow a bullish trend. However, starkly contrasting\u00a0their expectations<\/a>, they faced significant losses.<\/p>\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.<\/p>\n

Featured image from iStock, Chart from TradingView<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-30906","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=30906"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30906\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30906"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}