Data: ARB prices have risen by 40% in a week, with multiple large transactions active

According to a report by Golden Finance, as monitored by the on chain analysis platform Lookonchain (@ lookonchain), ARB prices have risen by 40% within a week, fueled by speculation that Robinhood may collaborate with Arbitrum to build a blockchain platform for European investors to trade US stocks. On chain data shows that Arbitrum has reached 418.4K active addresses in the past 24 hours, an increase of 25% compared to the previous week. Multiple large transactions were active: Gelato Network related wallets transferred 20 million ARBs ($5.39 million) to market maker GSR, who then deposited 9.48 million ARBs into Binance. Anchorage Digital's custodial wallet transferred 50.1 million ARBs ($15.3 million) to Wintermute within two weeks. A Monetalis related wallet received 42.19 million ARBs within a week and currently holds 77.12 million ARBs, becoming the 13th largest ARB holder. Wallet 0xC4Db has deposited 63.27 million ARBs ($19.8 million) into Bybit, Binance, and OKX since June 14th, suspected to be being sold by investors.