Arkham Intelligence has been at the forefront of revealing key aspects of the crypto market. It has been tracking government Bitcoin holdings, for instance, indicating that the German Government has to a great extent reduced its Bitcoin holdings, with less than 5K tokens left. Meanwhile, the US government recently sent $241 Million worth of Bitcoin to Coinbase.
Arkham Coin (ARKM), the native token of the platform, however, has experienced a rough period, with its price having fallen by 20% amid market skepticism. Despite this, Binance Labs has chosen to invest in ARKM. The Arkham platform has also been involved in a series of investigations, the most notable one being the offering of a $150K reward to anybody who would identify the creator of Solana Memecoin DJT. Such undertakings seem to have amplified its prominence in the crypto sphere.
Arkham Intelligence has also highlighted revealing facts about other entities in the crypto market. It has identified MicroStrategy's massive Bitcoin holdings, and given an insight into Tesla and SpaceX's Bitcoin wealth, which is currently more than $1.3 Billion. Arkham data also shows Coinbase being the largest holder of Bitcoin with about 1M BTC. Lastly, the platform has made strides towards boosting market transparency, having revealed Onchain addresses linked to four significant Bitcoin ETFs.
Arkham Coin News Analytics from Sun, 30 Jul 2023 07:00:00 GMT to Fri, 12 Jul 2024 08:03:30 GMT - Rating -5 - Innovation 8 - Information 9 - Rumor -2