Arbitrum FUD spooks the market, but on-chain data shows whales accumulating ARB By Cointelegraph

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Arbitrum suffered a big blow during the April 1–2 weekend due to a conflict between ARB tokenholders and the Arbitrum Foundation on the allocation of 750 million ARB tokens worth around $900 million.

Data from on-chain analysis firm Arkham Intelligence shows a transfer of $50.5 million out of the disputed allocation of 750 million ARB tokens. They shared with Cointelegraph:

The top six whale investors of ARB. Source: LookOnChain
1-hour price chart with RSI indicator. Source: TradingView