- FalconX network has purchased Arbitrum tokens worth $1.65M from Binance.
- Arbitrum’s native token has surged over 10% amid the report.
- The retention rates of Arbitrum’s native applications were higher than those of Optimism.
Arbitrum, the Layer 2 scaling solution for Ethereum, has seen a surge in the price of its native token, $ARB, following reports by Lookonchain that a major institution has bought a significant amount of it from Binance.
According to reports, FalconX, a digital asset trading platform, purchased 1.65 million $ARB tokens, worth around $2.06 million, from Binance earlier today.
Source: https://coinedition.com/arbitrum-reacts-positively-to-falconx-networks-arb-purchase/
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- Source: https://bitcoinethereumnews.com/technology/arbitrum-reacts-positively-to-falconx-networks-arb-purchase/?utm_source=rss&utm_medium=rss&utm_campaign=arbitrum-reacts-positively-to-falconx-networks-arb-purchase
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