PANews reported on December 24 that according to monitoring by on-chain analyst @ai_9684xtpa, the multi-signature address 0xAc2...DC739 received 26 million ARBs transferred from Arbitrum DAO Treasury this morning, worth US$21.06 million.

A month ago, the address also received 4 million tokens from the treasury, and subsequently 1.75 million tokens were deposited into Coinbase.

In addition, during the same period, two addresses of GSR Markets withdrew a total of $9.18 million worth of ARB from Coinbase, after no ARB interaction for three weeks.