Top White House Official Invested In This Surprise Altcoin!

Following FED Chairman Jerome Powell’s mild statements on Friday, Bitcoin (BTC) and altcoins began to rise, and the market also became active.

As investors made new purchases with the rise, one of them was White House digital strategy director Christian Tom.

On-chain analyst The Data Nerd has revealed that Christian Tom, the US White House digital strategy director, purchased 3.843 million Arbitrum (ARB) worth $2.3 million from Binance.

The Data Nerd also noted that these tokens were first purchased eight months ago. Accordingly, Christian Tom purchased approximately $8.38 million worth of ARB eight months ago but later deposited it to Binance.

The analyst added that there was speculation about whether the White House executive sold the tokens and then bought them back.

Listed on Binance in March 2023, Arbitrum rose to $2.40 during the rally in January. ARB, which has fallen by about 75% from the $2.40 level, continues to trade at $0.60 at the time of writing.

Christian2022.eth @Christianeth 老哥在 20 分钟前从币安提出 384 万枚 ARB ($2.3M)。

他在 8 个月前 (1/14) 曾将同样数量的 ARB 充值进币安，当时这 384 万枚 ARB 价值 $8.3M，是现在的 3.6 倍。

哥，你这是一直拿着没动，还是高卖低买做了一个波段呀。https://t.co/mAk3ByccJj

本文由… pic.twitter.com/8CiIEzkZol

— 余烬 (@EmberCN) August 26, 2024

*This is not investment advice.