TechFlow, July 20 — According to on-chain analyst Yujin, one hour ago, 304.5 million ARKM tokens (worth approximately $487.24 million) belonging to the Arkham team were withdrawn from the vesting contract and transferred to Coinbase Prime. This includes 115.8 million ARKM tokens (worth approximately $185.28 million) attributed to Arkham CEO Miguel Morel.
As announced by Arkham in a post on July 18, this move is intended to meet tax and compliance requirements, necessitating the withdrawal of team-owned tokens from the on-chain vesting contract and their transfer to Coinbase Prime for custody and monitoring. This action means that future unlocking and transfer details of these tokens will no longer be visible on-chain.
In addition, ARKM tokens allocated to the team, investors, and advisors began a linear vesting schedule starting July 18, with approximately 324,200 tokens (worth about $518,000) unlocking daily.
