Anonymous Giant Whale Deposits 500 ETH to Arbitrum and Adds 511,000 ARBs

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According to Lookonchain, a giant whale with 1.22 million ETH bridged 500 ETH to Arbitrum and spent 300 ETH to buy 51.1 million ARBs at an average ARB buy price of $1.02.
The whale's address has been dormant for 6 months and the last transaction was the purchase of 87,976 MAGIC for $0.68 on December 16 last year.
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