Developers Sold Big Again in This Altcoin: They Sold $318 Million in the Last Two Years

According to on-chain data, a multi-signature wallet belonging to the Arbitrum Foundation recently transferred 10 million ARB (approximately $4.99 million) to Coinbase ￰0￱ wallet in question unlocks an average of 15 million ARB from the Arbitrum Foundation's vesting contract every month and sends 10 million of them to Coinbase ￰1￱ process began in July 2023, and to date, a total of 414 million ARB have been ￰2￱ this, 350 million were transferred to Coinbase ￰3￱ on these transfers, the total value reached approximately $318 million, with an average selling price of $0.91. Related News: Yesterday Saw the Largest Whale Movement in Bitcoin in Recent Times: Here's What They Did ARB price is currently trading at $0.4946 and is up 0.76% over the last 24 ￰4￱ token reached an all-time high of $2.40 on January 12, ￰5￱ lowest level was recorded at $0.245 on April 7, 2025; the current price is up 102% from that low.

Arbitrum, one of the most well-known Ethereum layer 2 networks, currently has approximately half of its maximum supply in circulation. *This is not investment ￰6￱ Reading: Developers Sold Big Again in This Altcoin: They Sold $318 Million in the Last Two Years