According to ChainCatcher, based on the on-chain analysis platform Lookonchain (@lookonchain), the ARB price has risen 40% in a week, stemming from speculation that Robinhood might collaborate with Arbitrum to build a blockchain platform for European investors to trade US stocks.
- On-chain data shows that Arbitrum's active addresses reached 418.4K in the past 24 hours, an increase of 25% from the previous week.
- Multiple large transactions were active: Gelato Network-related wallets transferred 20 million ARB ($539,000) to market maker GSR, which subsequently deposited 9.48 million ARB into Binance.
- Anchorage Digital's custody wallet transferred 50.1 million ARB ($15.3 million) to Wintermute within two weeks.
- A Monetalis-related wallet received 42.19 million ARB in a week and currently holds 77.12 million ARB, becoming the 13th largest ARB holder.
- Wallet 0xC4Db has deposited 63.27 million ARB ($19.8 million) into Bybit, Binance, and OKX since June 14, suspected to be investors selling.
