TechFlow, August 30 — According to on-chain analyst Ember @EmberCN, an Arbitrum Foundation multisig wallet transferred 10 million $ARB ($4.99 million) to Coinbase Prime nine hours ago.
This wallet receives approximately 15 million ARB monthly from the Arbitrum Foundation's vesting contract, and then transfers 10 million of them to Coinbase Prime.
Since ARB began unlocking in July 2023, this wallet has received a total of 414 million ARB. Of these, 350 million were subsequently transferred to Coinbase Prime. Based on prices at the time of deposit to the exchange, these transfers amount to $318 million, averaging $0.91 per token.
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