Arbitrum’s upcoming token unlock and Ethereum’s Dencum Upgrade have led to two whales selling 2.77 million ARB tokens on Binance, resulting in $3.29 million in profits. The events are expected to impact ARB’s price, with potential for an increase if it breaks the $2.15 resistance, but a risk of decline due to increased token supply. The market currently shows bearish dominance, but a potential for ARB to breach the resistance if the Relative Strength Index breaks above the barrier.
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