Through the bear market, Arbitrum (ARB) has been one of the tokens that have managed to hold on to a significant amount of its all-time high value. Along these same lines, the digital asset is one of the few tokens currently flashing a green bullish flag, and accumulation has ramped up as a result of this. ARB Whale Accumulation Ramps Up Transactions on the Arbitrum blockchain on Thursday, July 20, point to massive accumulation among large investors. These transactions were flagged by on-chain data tracker Lookonchain, going as far back as July 17 when the accumulation trend seemed to have begun. Related Reading: Why This Upcoming Event Is Bearish For Axie Infinity (AXS) On Monday, Lookonchain reported three transactions carrying 3.76 million ARB worth $5 million at the time from the Binance exchange to known whale wallets. While these transactions were significant, they did not stop there. The following day, July 18, the tracker spotted another transaction carrying 4 million ARB. The source of the transaction was the same, with the coins which were worth $5 million at the time being moved ..
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