Token

2024

Arbitrum

Coin

<ul class="news-points"> 
 <li><strong>Arbitrum transferred $25 million in ARB tokens to Coinbase, fueling market speculation.</strong></li> 
 <li><strong>Transfer comes ahead of a scheduled token unlock, raising concerns about price volatility.</strong></li> 
 <li><strong>Analysts are divided on whether the unlock will lead to a price surge or a decline.</strong></li> 
</ul> 
<p>Arbitrum, a layer-two scaling solution for Ethereum, is experiencing substantial inflows. Recent data reveals that a multi-signature wallet associated with the Arbitrum network deposited $25 million worth of ARB tokens, equivalent to approximately $20.13 million, into Coinbase. This significant transfer has sparked speculation about its potential market implications.</p> 
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   <p lang="en" dir="ltr">7 hours ago, a multi-sig wallet (may belong to <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@arbitrum</a>) deposited 25M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a> (~$20.13M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Coinbase</a>.<br> <br>Those tokens were transferred to 6 other wallets right after that.<br><br>Address:<a href="https://t.co/Rw0MU21n2H" target="_blank" rel="nofollow">https://t.co/Rw0MU21n2H</a> <a href="https://t.co/ZeQtobAz8u" target="_blank" rel="nofollow">pic.twitter.com/ZeQtobAz8u</a></p>— The Data Nerd (@OnchainDataNerd) <a href="https://twitter.com/OnchainDataNerd/status/1815972752425378078?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 24, 2024</a>
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<p>A closer look at the transaction details reveals that the 25 million ARB tokens deposited at Coinbase were promptly redistributed to six different wallets, each receiving a substantial amount of ARB. This rapid redistribution could be a strategic move to diversify…</p>
<p>The post <a href="https://coinedition.com/arbitrum-on-the-move-25m-arb-transfer-to-coinbase-precedes-token-unlock/">Arbitrum on the Move: $25M ARB Transfer to Coinbase Precedes Token Unlock</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Arbitrum on the Move: $25M ARB Transfer to Coinbase Precedes Token Unlock

Coin Edition

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