Among the 125 projects receiving ARB from the Arbitrum Foundation, 4 have sold most of the ARB they received
According to ChainCatcher news, monitored by on-chain analyst Yu Jin, among the 125 projects that received ARB from the Arbitrum Foundation, 4 have directly sold most or all of the ARB received, instead of using these ARB to incentivize their own project users. The 4 projects are:
- The Damned Pirates Society (150,000 ARB)
- Trident (257,540 ARB)
- xToken Terminal (35,000 ARB)
- Rice Wallet (12,500 ARB) (source link)
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