Rollbit, Arbitrum, and The Graph bear the brunt of crypto market fluctuations as Bitcoin falls below $25k for the first time since June.

Cryptocurrency markets have seen a slight wave of volatility, as the overall market is down by 2.8% in the past 24 hours. Among the top losers were Rollbit Coin (RLB), Arbitrum (ARB), and The Graph (GRT). 

Rollbit Coin (RLB) nosedived 18.5% within a day, currently trading at $0.1293 at the time of writing. Arbitrum is also down by 10% over the same time frame.

Indexing token The Graph (GRT) experienced a 7% decline. At the same time, the NFT-based token ApeCoin (APE) dropped by over 6.5%. A previous report revealed that 96% of APE holders are currently operating at a loss, encompassing over 130,000 addresses. 

Arbitrum whales are selling at a loss 

According to data from Arbiscan, three large transfers to Binance involving over 10.23 million ARB, valued at approximately $8 million, took place today.

Data from Lookonchain revealed that one specific whale had previously purchased 3.64 million AR

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Author: Mohammad Shahidullah

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