TechFlow reported, according to Spot On Chain monitoring, that Arbitrum development team Offchain Labs withdrew 1.217 million ARB (approximately $1.1 million) from Binance one hour ago.
Over the past week, they have purchased $2.279 million worth of ARB from Binance at an average price of $0.91 per token (totaling $2.07 million).
It is reported that since August 23, Offchain Labs has withdrawn a total of 5.367 million ARB from Binance, spending $5.07 million, with an average purchase price of $0.94 per ARB.
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