TechFlow news, according to on-chain analyst Yujin's monitoring, Arbitrum-based perpetual contract protocol CAP Finance transferred 1.88 million ARB (1.93 million USD) from its treasury address 16 hours ago, then sold 1 million ARB at an average price of $1.02, exchanging them for 1.02 million USDC.
The ARB holdings in this address originated from a DAO airdrop of 2.96 million ARB received from the Arbitrum Foundation on April 25. Of that, 2 million ARB were sold and exchanged for 311 ETH and 1.59 million USD in stablecoins at an average price of $1.09.





