Arbitrum Team Takes Major Action! 20 Million ARB Flow to Coinbase, What Secrets Lie in the Fund Movement?
On December 13, on-chain data shows that a wallet suspected to be related to the Arbitrum team has once again taken action, depositing 20 million ARB into Coinbase at an average price of $1.04, with a total value of approximately $20.85 million. Over the past year, this wallet has transferred 250 million ARB to Coinbase, amounting to a total of $244 million.
This operation is certainly intriguing. The frequent transfer actions seem to be sending some kind of signal: is it for early positioning or a precursor to a sell-off plan? As the top player in Layer 2, the Arbitrum team is continuously taking actions at critical points of the market's return, possibly aiming to stimulate more market attention with the liquidity of ARB.
For investors, the key question now is: is this large transfer a bullish signal or could it trigger selling pressure? Regardless, the movements of ARB have already become a barometer for the market, and the upcoming trends cannot be ignored.
The market is always full of opportunities, but what is lacking is the eye to seize them! The hunter accompanies you to directly hit the eye of the storm, what’s the next step? Stay tuned!
