position reduction

  • Arca’s Position Reduction in Arbitrum Token: Insights from On-Chain Data

    According to reports, according to on-chain data, digital asset management company Arca began to reduce its position in Arbitrum ecological tokens. On March 17, it had sold 46700 GMXs (with an average selling price of 74.3 dollars, while the buying price was 81 dollars, resulting in a loss of 310000 dollars), sold 1881 DPX (with an average selling price of 315 dollars, the buying price was 392 dollars, resulting in a loss of 140000 dollars), and sold 900000 RDNTs (with an average selling price of 0.34 dollars, the buying price was 0.28 dollars, and the profit was 50000 dollars). Arca started reducing its position in Arbitrum Eco Tokens and has sold GMX, DPX, and RDNT Analysis based on this information:Arca, a digital asset management company, has reportedly decreased its position in Arbitrum ecological tokens as per the on-chain data obtained. The on-chain data reveals that on March 17, Arca sold 46700 GMXs, 1881 DPX, and 900000 RDNTs. The average selling…

    03/17/2023
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