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Arbitrum (ARB) quickly became one of the most popular Ethereum layer-2 scaling solutions as its optimistic rollup allowed for faster transactions on the Ethereum blockchain. However, after the recent Ethereum upgrade, things appear to be changing for Arbitrum (ARB).
The early success of Arbitrum (ARB) appears to have stalled, as on-chain trackers report the biggest ARB whales moving their funds out of the project. These whales are now betting on the new investment platform, Sparklo for a meteoric rise.
The highly functional Layer 2 network, Arbitrum (ARB) is experiencing a twist to its growth. After the latest integration of API3DAO on the network, Arbitrum (ARB) went on a double-digit rally.
However, the price of the coin is in bear territory. Over the last 24 hours, data from CoinMarketCap shows that the price of Arbitrum (ARB) has plunged by more than 8%, as the struggle continues for the project.
Lookonchain, a blockchain analytics platform reported that one of the first Arbitrum (ARB) whales has begun selling his tokens, transferring all of its 9.94 million ARB tokens, worth around $17 million, to a cryptocurrency exchange platform.
In a separate transaction, another whale sold $18 million worth of Arbitrum (ARB) for a profit of $4.54 million. With investors cashing out on ARB, huge funds have been flowing into newer projects like Sparklo.
Sparklo is building the world's first precious metal trading platform built on blockchain. Alone that is an interesting concept, but Sparklo takes it a step further by using fractional NFTs to allow anyone to own a piece of these precious metals without buying the whole bars.
This means that with $100, investors can buy a piece of gold on Sparklo, and the platform will mint an NFT of that value, backed by actual gold. In addition, investors can redeem their digital tokens for the equivalent amount of fiat currency at any time.
To vet its smart contract and reserves, Sparklo has been audited by the InterFi Network. Early investors and market experts believe that this low barrier to entry and accessibility gives Sparklo the potential to become a top 100 crypto within the first year of its launch – at returns which could exceed 4,000x, possibly the best of any presale token right now.
Sparklo is currently in presale and 1 Sparklo token is currently sold for $0.015. Investors looking for even greater returns are trooping into stage 1 of Sparklo's presale which gives up to 25% token rewards for their purchases.
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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