Arca Sells Off Some of Its Arbitrum Ecological Tokens

Arca Sells Off Some of Its Arbitrum Ecological Tokens

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:


According to on-chain data, Arca, a digital asset management company, has begun reducing its position in Arbitrum ecological tokens. This move comes as a surprise since Arca had been a big supporter of Arbitrum in the past. On March 17th, Arca sold 46,700 GMXs, 1,881 DPX, and 900,000 RDNTs.

The sale of GMXs, which are the governance tokens for the Gnosis Protocol, resulted in a loss of $310,000 for Arca. The average selling price of GMXs was $74.3, while the buying price was $81. Although the loss isn’t significant for Arca, it is still worth noting that the company is starting to reduce its position in one of the blockchain’s most promising projects.

The sale of DPX, which are the liquidity provision tokens of the DerivaDEX platform, resulted in a more significant loss of $140,000 for Arca. The average selling price of DPX was $315, while the buying price was $392. The sale of these tokens is a significant indication that Arca is beginning to lose faith in the Arbitrum ecosystem.

However, the sale of RDNT, which are the native tokens of the Radon Protocol, resulted in a profit of $50,000 for Arca. This sale is also an indication that the company is looking to spread its investments across multiple blockchain projects.

In conclusion, Arca’s decision to reduce its position in Arbitrum ecological tokens may not be a cause for immediate concern. However, it demonstrates that even companies with significant investments in blockchain projects can change their investment strategies based on market movements. With Arca’s move, it is essential that the blockchain community stays vigilant and keeps a close eye on any significant changes or developments in the Arbitrum ecosystem.

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