CLAIM: Arbitrum Foundation is preparing to sell $225 million worth of Ethereum (ETH)!
The recent moves made by altcoin funds in the crypto space have caught the attention of investors. The ETH sales of the Ethereum Foundation, MATIC Polygon Foundation, and FET Fetch ai Foundation have caused many crypto investors to react to the altcoin funds.
According to the latest claims, the Arbitrum Foundation may sell large amounts of ETH. Data Nerd, a successful data provider, provided the following information on the matter:
“8 hours ago, a wallet (most likely belonging to the Arbitrum Foundation) transferred 60,000 ETH (worth $150.33 million) to Binance.
This fund has transferred a total of 90,000 ETH (worth $226.02 million) to Binance in the last 24 hours.” While there is no guarantee that the Arbitrum Foundation will sell all the ETH it transferred to Binance, such transfers are generally interpreted as sales in the industry.
