Data: Arbitrum Foundation multi-signature wallet transfers 10 million ARB to Coinbase Prime

ChainCatcher news, according to on-chain analyst Yu Jin @EmberCN's monitoring, a multi-signature wallet of the Arbitrum Foundation transferred 10 million $ARB ($4.99 million) to Coinbase Prime 9 hours ago.

This wallet unlocks about 15 million ARB from the Arbitrum Foundation's vesting contract each month, and then transfers 10 million ARB to Coinbase Prime. Since unlocking ARB in July 2023, this wallet has unlocked a total of 414 million ARB, with 350 million transferred to Coinbase Prime after receiving, valued at $318 million based on the price at the time of transfer to the exchange, with an average price of $0.91.