PANews reported on December 28 that, according to Arkham monitoring data, about five hours ago, a whale sold off all of its holdings of approximately 27.2 million AR tokens, worth about $1.2 million. The exit transaction was executed near its break-even point. However, the price of ARC subsequently fell briefly and even dropped below $0.04. It has since recovered slightly to $0.04185, representing a 24-hour drop of 10.2%.