ChainCatcher message, on-chain analyst @ai_9684xtpa discovered that the multi-signature address 0xAc2...DC739 received 26 million ARB transferred from the Arbitrum DAO Treasury, worth approximately 21.06 million USD. Notably, a month ago this address also received 4 million tokens, of which 1.75 million have been deposited into Coinbase. This series of operations has raised market attention on fund flows.

At the same time, two addresses from GSR Markets withdrew ARB worth 9.18 million USD from Coinbase during the same time period. The changes in this on-chain data provide a new perspective for the market and are worth continued attention from investors.