Ethereum Layer 2 solution "Arbitrum" to airdrop soon? Crypto whales may have already positioned themselves early

Insiders say that tokens will be airdropped to early users, which is why we've recently seen a large influx of new funds into Layer 2.

This article is written by Jack Niewold, founder of Crypto Pragmatist, translated by BlockBeats, not investment advice, original article here.

Whales are quietly adjusting their positions.

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Macro uncertainty has not stopped long-term participants from rolling their wealth snowball. Lately, I've been keeping an eye on a group of wallet addresses that have been successful in recent trades. In this thread, I'll show you how they are adjusting their positions.

1. Arbitrum

Arbitrum, Optimism, zkSync, and Starknet are currently the four major Rollups. From some sources, I learned that one of these four will launch a Token next month.

Arbitrum has been leading the Rollup field steadily, so to me, Arbitrum seems the most likely candidate to launch a Token.

Insiders have indicated that the Token will be airdropped to early users, meaning both whales and retail investors have the opportunity to receive the airdrop. This explains the recent influx of funds into L2 solutions.

How can one qualify for the potential airdrop?

1. Use the Arbitrum bridge
2. Engage in activities on Arbitrum!

2. GMX

Arthur Hayes, the founder of BitMEX (maelstromfo.eth), recently acquired $1 million worth of GMX.

Although he mentioned on Medium that he hedged his position with Bitcoin put options, it is intriguing to see a former CEX founder investing $1 million in a DEX under current market conditions.

Several possibilities exist:

• An exceptional move to hedge against volatility
• Deploying funds into Arbitrum ahead of the airdrop
• Possibly having insider information

Or perhaps it was just a sudden gut feeling. Regardless of his reasoning, GMX is an interesting move made by Arthur Hayes.

3. SILO FINANCE

On March 31st, a crypto millionaire holding Milady/Azuki assets entered the market with a capital of $500,000 before proposing to establish a 4pool Curve pool in the Terra community. Immediately after the proposal, the funds were liquidated, doubling the capital to $1 million within 3 days. Now, this whale is engaging in the Curve war in other ways.

Recently, a crypto influencer (@kamikaz TH) shared on Twitter the potential of achieving a 450% APY by participating in the SILO-FRAX pool on Convex Finance. Before this viewpoint was shared, the millionaire had already accumulated 40ETH worth of SILO. How much profit will this operation yield for them?

4. BAL

On April 6th, the following crypto whale spent 200 ETH and 964,000 USDC to buy 94,000 BAL, then liquidated all the holdings the next day, making a profit of 50 ETH within just one day.

However, this whale's actions have been in an extreme profit-taking mode, with over 95% of their portfolio in stablecoins at the time of writing. Perhaps this whale stands in stark contrast to most other "smart money" wallets. While degenerate games may be more fun, protecting the principal and taking profits are necessary for survival.