Multi-Signature Wallet Transfer by Arbitrum Foundation
Recent on-chain data reveals that a multi-signature wallet owned by the Arbitrum Foundation has transferred 10 million ARB (around $4.99 million) to Coinbase Prime.
The specific wallet typically unlocks an average of 15 million ARB from the Arbitrum Foundation’s vesting contract each month, transferring 10 million of those to Coinbase Prime.
This routine started in July 2023, and thus far, a total of 414 million ARB has been unlocked. Out of this amount, 350 million has been sent to Coinbase Prime. As a result of these transfers, the cumulative value reached approximately $318 million, with an average selling price of $0.91.
The current price of ARB is trading at $0.4946, reflecting an increase of 0.76% over the past 24 hours. The token achieved an all-time high of $2.40 on January 12, 2024, while its lowest price was noted at $0.245 on April 7, 2025; currently, the price is up 102% from that low point.
Arbitrum, which is recognized as one of the leading Ethereum layer 2 networks, has about half of its maximum supply currently in circulation.
This is not investment advice!
