2023-04-03
On April 2 Arbitrum Foundation sold 50
million tokens; it has 700 million tokens left. 40 million ARB tokens were
allocated as a loan to a sophisticated actor in the financial markets. 10 million tokens were converted to fiat and they will be used for operational costs for Arbitrum
Foundation. 50 million tokens worth $625,000
at the time Arbitrum Foundation sold their tokens. However, ARB price drops only
3% from $1.25 to $1.21.
Etherscan etherscan.io/token/0xB50721BCf8d664c30412Cfbc6cf7a15145234ad1
