A certain whale sold 27.2 million ARC that had been accumulated a month ago, suspected of causing the price drop

According to market news, about five hours ago, a certain whale sold off all of its holdings of approximately 27,200,000 AR, worth about 1.2 million dollars. The related exit transaction was executed close to its breakeven point, but subsequently, the ARC price briefly dropped and fell below 0.04 dollars, currently slightly rebounding to 0.04185 dollars, with a 24-hour decline of 10.2%.