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Arbitrum Foundation Routine Transfer of 10 Million ARB to Coinbase Prime 9 Hours Ago, Selling 3.5 Billion ARB in Past 2 Years

Summary: According to on-chain data analyst Yu Jin, an Arbitrum Foundation multi-signature wallet transferred 10 million ARB (approximately $4.99 million) to Coinbase Prime 9 hours ago. The wallet unlocks and receives around 15 million ARB monthly from Arbitrum Foundation's unlocking vesting contract, with 10 million ARB being transferred to Coinbase Prime. Since July 2023, the wallet ...

According to on-chain data analyst Yu Jin, an Arbitrum Foundation multi-signature wallet transferred 10 million ARB (approximately $4.99 million) to Coinbase Prime 9 hours ago. The wallet unlocks and receives around 15 million ARB monthly from Arbitrum Foundation's unlocking vesting contract, with 10 million ARB being transferred to Coinbase Prime. Since July 2023, the wallet has unlocked and received a total of 414 million ARB, with 3.5 billion ARB transferred to Coinbase Prime after receiving, valued at $3.18 billion based on the platform's price at the time of transfer, with an average price of $0.91.

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Link: Arbitrum Foundation Routine Transfer of 10 Million ARB to Coinbase Prime 9 Hours Ago, Selling 3.5 Billion ARB in Past 2 Years [Copy]

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