Tens of millions of dollars of ARB transfers in the wallets of Arbitrum, one of the most popular Ethereum (ETH) layer-2 (L2) projects, attracted attention.
Reported by on-chain analysis platform Spot On Chain to data according to Arbitrum Foundation multi-sig wallet Cryptocurrency exchange taking action on January 30 to Coinbase from $1.83 on average $27.5 million worth 15 million ARB transferred.
Shortly after this process, 6 different and newly opened cryptocurrency wallets via Coinbase 14.9 million ARB and added a new dimension to the event.
Spot On Chain is a part of the transactions in question. over-the-counter (OTC) While they claimed that it might be related to trade, there was no official statement from the team on the subject. These transactions did not have a negative impact on the ARB price.
According to CoinGecko data, in the last 24 hours 4.5% rise exhibiting ARB, at the time of writing from $1.90 is being traded.