Four hours ago, the multi-signature address 0xAc2...DC739 received 26 million ARB tokens from the Arbitrum DAO Treasury, valued at approximately $21.06M. 👀

Interestingly, a month ago, this address had received 4 million ARB tokens from the same treasury, of which 1.75 million tokens were later deposited into Coinbase.

Adding to the intrigue, during this timeframe, two addresses associated with GSR Markets withdrew a combined $9.18M worth of ARB from Coinbase. Notably, these addresses had been inactive in terms of ARB-related transactions for three weeks prior to this.

What could be the next move? Is it a market play, redistribution, or part of a broader strategy? 🤔
#ARB $ARB