Crypto NewsAltcoinThis Altcoin Foundation Transferred a Large Amount of Tokens to Coinbase Exchange!...

This Altcoin Foundation Transferred a Large Amount of Tokens to Coinbase Exchange! Here are the Details!

According to Spot on Chain data, this altcoin foundation deposited 15 million tokens into Coinbase today at a price of $1.83.

Follow Bitcoin Sistemi Google News Button

According to Spot on Chain, the Arbitrum foundation multi-signature address (0xd6c…) deposited 15 million ARB ($27.5 million) to Coinbase today at a price of $1.83. Shortly thereafter, six newly created wallets withdrew a total of 14.9 million ARB from Coinbase.

Arbitrum Foundation Launches Significant ARB Transaction on Coinbase

In a notable development reported by Spot on Chain, the Arbitrum Foundation executed a significant transaction involving the deposit and subsequent withdrawal of ARB tokens on the Coinbase platform.

The multi-signature address identified as 0xd6c…, affiliated with the Arbitrum Foundation, deposited 15 million ARB, equivalent to $27.5 million at the current price of $1.83.

Related News  Two New Altcoin Listing Announcements from Bitcoin Exchange Bybit!

The Series of Events Developed as Follows:

Deposit: Arbitrum Foundation's multi-signature address deposited 15 million ARB to Coinbase.

Price at Deposit: The transaction was executed at a price of $1.83 per ARB.

Withdrawal: Following the deposit, the six newly created wallets processed withdrawals totaling ARB 14.9 million from Coinbase.

While the details of the transaction remain intriguing, it is worth noting that this Arbitrum Foundation deposit could potentially be associated with over-the-counter (OTC) transactions.

OTC transactions generally occur outside of public exchanges and are characterized by personalized structures that meet the specific needs of large institutional organizations.

The importance of such transactions lies in their potential impact on the broader cryptocurrency market, as large asset movements can impact market dynamics.

The participation of the Arbitrum Foundation, known for its contributions to Ethereum scalability solutions, adds extra interest to this transaction.

*This is not investment advice.



Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week