ARB: Whale Address Deposits 19M Tokens to Coinbase

@ai_9684xtpa flagged a new wallet that bought ARB on September 22 now exiting via Coinbase. The address 0x8c32E2C90AB9751E48F6b7095db16bE0b3E13395 sent its final 19.01 million ARB over seven hours, following an earlier withdrawal of 24.01 million tokens at an average $0.2204 and a deposit average of $0.181.

The position, held for more than a month, produced a 17.8 percent drawdown and an estimated $945,000 loss.

Price action on the four-hour chart shows ARB trading inside the Bollinger Bands with the upper band at $0.17 acting as immediate resistance and the lower band at $0.16 providing short-term support. The 50-EMA at $0.17 and 200-EMA at $0.18 sit above spot at $0.16, confirming the bearish structure, while RSI at 45.69 remains neutral and MACD has printed a golden cross. With price pressing the upper Bollinger resistance at $0.17 while the longer EMAs cap upside, a retracement toward the $0.16 lower band appears the next logical step before any sustained move higher.