According to on-chain data analyst Ember, a multi-signature wallet of the Arbitrum Foundation transferred 10 million ARBs (about $4.99 million) to Coinbase Prime 9 hours ago. It is reported that the wallet unlocks about 15 million ARBs every month from the Arbitrum Foundation's unlocking ownership contract, and will transfer 10 million of them to Coinbase Prime.
The wallet started to unlock ARBs in July 2023, and so far 414 million ARBs have been unlocked and received, 350 million of which have been transferred to CoinbasePrime after receiving, which is worth 318 million US dollars according to the price when transferring to the trading platform, with an average price of 0.91 US dollars.
Arbitrum Foundation routinely transferred 10 million ARBs to CoinbasePrime 9 hours ago, selling 350 million ARBs in the past 2 years
2025-08-30 01:07:59
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