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 Prime.

The 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 Prime.

This process began in July 2023, and to date, a total of 414 million $ARB have been unlocked. Of this, 350 million were transferred to Coinbase Prime. Based on these transfers, the total value reached approximately $318 million, with an average selling price of $0.91.

$ARB price is currently trading at $0.4946 and is up 0.76% over the last 24 hours. The token reached an all-time high of $2.40 on January 12, 2024. Its 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 advice.