Arbitrum DAO Treasury Large Transfer: 26 Million ARB Inflow Attracts Market Attention
On-chain monitoring data shows that the multi-signature address 0xAc2...DC739 received a transfer of 26 million ARB from the Arbitrum DAO Treasury four hours ago, worth 21.06 million USD. This transfer significantly increased the holdings of that address, which had previously received 4 million ARB a month ago, of which 1.75 million has been deposited to Coinbase, attracting high market attention.
At the same time, two addresses from GSR Markets have also cumulatively withdrawn ARB worth 9.18 million USD from Coinbase. Do these series of large transactions indicate that the market is about to experience new volatility? It is worth noting that Arbitrum's recent performance and capital flow in the crypto market have also become the focus of discussion among investors.
What are your thoughts on these capital movements? Is it a market washout, or is there larger capital about to enter? Feel free to share your views in the comments section!
