Arbitrum Foundation performed a regular transfer 9 hours ago, moving 10 million ARB to Coinbase Prime. In the past 2 years, they have sold 350 million ARB.

BlockBeats News, August 30th, according to on-chain data analyst Yujin Monitoring, a multi-signature wallet of the Arbitrum Foundation transferred 10 million ARB tokens (approximately $4.99 million) to Coinbase Prime 9 hours ago.

It is reported that this wallet unlocks and claims about 15 million ARB tokens each month from Arbitrum Foundation's unlocking vesting contract, with 10 million of them being transferred to Coinbase Prime. The wallet has been unlocking ARB tokens since July 2023, and has so far unlocked a total of 414 million ARB tokens, with 350 million of them being transferred to Coinbase Prime after claiming. Based on the price at the time of transfer to the trading platform, the value is $318 million, with an average price of $0.91.