Whale ARC Keeps On Buying Even When Floating Losses Exceed $1 Million
A significant investor in the ARC token is showing no signs of slowing down despite facing substantial unrealized losses. Over the past nine hours, the second-largest holder of ARC has kept on accumulating, adding another $1.495 million worth of tokens to their position. This most recent purchase brings their total holdings to 17.2 million ARC, which means they are still confidently holding the asset even though its price is well below their average entry cost. Whale Accumulation Continues Despite Losses The first accumulation of ARC by the investor happened on December 26, 2024. Since then, they have strategically purchased the token in three separate batches. Their average acquisition price is $0.3153 per token. However, ARC is currently trading at $0.2417, which means that they have a sizable unrealized loss of 23.3% on their holdings. In total, though, their floating loss […]