According to on-chain analyst Yu Jin, an Arbitrum multi-sig wallet deposited 13.105 million ARB (US$6.91 million) into Coinbase Prime 45 minutes ago. This wallet received 250 million ARB from the Arbitrum DAO treasury wallet 10 months ago and began transferring ARB to Coinbase Prime three months ago. A total of 38.434 million ARB (US$16.68 million) has been transferred out to date, at an average price of US$0.43.