A multi-signature wallet associated with the Arbitrum Foundation transferred 10 million ARB tokens, valued at $4.99 million, to Coinbase Prime nine hours ago. This wallet regularly unlocks approximately 15 million ARB tokens monthly from the Arbitrum Foundation's vesting contract, transferring 10 million of these to Coinbase Prime. Since July 2023, the wallet has unlocked a total of 414 million ARB tokens, with 350 million subsequently moved to Coinbase Prime, valued at $318 million at an average price of $0.91 per token.
Arbitrum Foundation Transfers 10 Million ARB to Coinbase Prime
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