Over $3.7 billion worth of ARB tokens distributed to 145 addresses, possibly allocated for the team and advisors

2023-04-01 16:02:54

Collection

ChainCatcher news, according to Spot On Chain data, 2,693,961,178 ARB (approximately $3.72 billion) were transferred today from the Arbitrum belonging address (starting with 0x148440) and distributed to 145 addresses. Among them, the address starting with 0x7ff89e received the largest amount of ARB, totaling 72,428,835 ARB (approximately $99.95 million), making it the 8th largest holder of ARB. The distribution process was conducted through the intermediary wallet 0x1e7016, and there are still 4.17 million ARB (approximately $5.76 million) yet to be allocated.

It is reported that according to the Token economic model previously announced by Arbitrum, 26.94% (2.694 billion) of the initial total supply will be allocated to the Offchain Labs team / future team and advisors, so the ARB transferred today may belong to the allocation for the team and advisors. (source link)

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Arbitrum Offchain Labs

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