Data: ARB price increased by 40% over the week, with multiple large transactions active

ChainCatcher news, according to on-chain analysis platform Lookonchain (@lookonchain), the ARB price has risen by 40% in a week, fueled by speculation that Robinhood may collaborate with Arbitrum to build a blockchain platform for European investors to trade U.S. stocks.

• On-chain data shows that Arbitrum had 418.4K active addresses in the past 24 hours, a 25% increase from the previous week.
• Multiple large transactions are active: wallets related to Gelato Network transferred 20 million ARB ($5.39 million) to market maker GSR, which subsequently deposited 9.48 million ARB to 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) to Bybit, Binance, and OKX since June 14, suspected to be an investor selling off.