The post Massive 26 Million ARB Transfer from Arbitrum DAO Treasury Sparks Market Activity appeared on BitcoinEthereumNews.com.

On December 24th, COINOTAG News reported significant movements in the crypto space, with the **multi-signature address 0xAc2…DC739** receiving a substantial inflow of **26 million ARB tokens** from the **Arbitrum DAO Treasury** valued at approximately **21.06 million U.S. dollars**. This follows a prior transfer a month earlier, where the same address received **4 million ARB tokens** from the treasury, subsequently leading to a deposit of **1.75 million ARB** into **Coinbase**. In parallel developments, two wallets affiliated with **GSR Markets** pulled out **9.18 million U.S. dollars** worth of ARB from Coinbase, marking an end to a three-week period devoid of ARB movements. This interplay of transactions underscores the dynamic nature of crypto trading and treasury management, providing keen insights into the broader **market trends** and **liquidity flows** in the decentralized finance sphere. Source: https://en.coinotag.com/breakingnews/massive-26-million-arb-transfer-from-arbitrum-dao-treasury-sparks-market-activity/

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Filed under: News - @ December 24, 2024 3:27 am