Foresight News reports that on-chain analyst Yu Jin has monitored that the Arbitrum Foundation's multi-signature wallet transferred 10 million ARB (approximately 4.99 million USD) to Coinbase Prime 9 hours ago. This wallet unlocks about 15 million ARB each month from the Arbitrum Foundation's unlock allocation contract and transfers 10 million of those to Coinbase Prime. Since July 2023, this wallet has unlocked a total of 414 million ARB, with 350 million transferred to Coinbase Prime after receipt, valued at 318 million USD based on the price at the time of transfer to the exchange, with an average price of 0.91 USD.