Arbitrum

<ul><li>Recent blockchain data reveals a significant transfer of ARB tokens by the Arbitrum Foundation to the Coinbase exchange.</li><li>The withdrawal of nearly the entire amount by six new wallets suggests the involvement of discrete, large-scale investors.</li><li>This transaction pattern could signify the Foundation&#39;s intent to engage in over-the-counter deals with institutional entities.</li></ul>Arbitrum Foundation has reportedly initiated a substantial transaction, transferring a whopping 15 million ARB tokens, valued at approximately $27.5 million Coinbase. This significant movement was priced at around $1.83 per ARB token, as per a tweet shared by Spot On Chain, an analytics platform. Following this sizable deposit, an intriguing activity was observed where six newly established wallet addresses withdrew nearly the entire amount, amounting to 14.9 million ARB, from Coinbase.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/755f64d81e13413bb8b17fee91186198.png" />This transaction has led to speculation that the Arbitrum Foundation might engage in over-the-counter (OTC) trades. Over-the-counter transactions are trades directly between two parties, bypassing the traditional exchange mechanisms. This method is often employed for large transactions to avoid market disruption and maintain price stability.Read full article at <a href="https://cryptotale.org/arbitrum-foundation-moves-15-million-arb-to-coinbase-sparking-otc-speculation/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Arbitrum Foundation Moves 15 Million ARB to Coinbase, Sparking OTC Speculation

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