$18.5 million in Arbitrum tokens made their way into Binance after $58 million in ARB were sent to exchanges last week.
Another batch of whales holding Arbitrum moved their coins into exchanges following the release of a large number of vested tokens earlier in March.
On March 23, blockchain data platform Lookonchain detected four more wallets moving ARB tokens into exchanges after the $2.32 billion vested token unlock on March 16.
The whales transferred 11.34 million ARB tokens onto Binance in four different transactions. These assets are worth $18.5 million at the time of transfer.
