TechFlow, June 30 — According to on-chain analytics platform Lookonchain (@lookonchain), ARB's price rose 40% within a week due to speculation that Robinhood may partner with Arbitrum to build a blockchain platform enabling European investors to trade U.S. stocks.
- On-chain data shows Arbitrum had 418.4K active addresses in the past 24 hours, a 25% increase from the previous week.
- Multiple large transactions were observed: a wallet linked to Gelato Network transferred 20 million ARB ($5.39 million) to market maker GSR, which subsequently deposited 9.48 million ARB to Binance.
- An Anchorage Digital custodial wallet transferred 50.1 million ARB ($15.3 million) to Wintermute over the past two weeks.
- A wallet associated with Monetalis received 42.19 million ARB within a week and now holds 77.12 million ARB, becoming the 13th largest ARB holder.
- Wallet 0xC4Db has deposited 63.27 million ARB ($19.8 million) to Bybit, Binance, and OKX since June 14, suggesting possible investor selling.
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