Viewpoint: ARB surged 40% in a week, investors seem to be taking the opportunity to sell

BlockBeats news, on June 30th, according to Lookonchain monitoring, ARB prices surged 40% in the past week, driven by market speculation that Robinhood may collaborate with Arbitrum to establish a blockchain platform for European investors to trade US stocks. DefiLlama data shows that Arbitrarum recorded 418400 active addresses in the past 24 hours, a 25% increase from the previous week. The on chain activities related to ARB are as follows: A week ago, a multi signature wallet possibly related to Gelato Network transferred 20 million ARBs ($5.39 million) to market maker GSR, and since then, GSR's ARB token trading activity has significantly increased; In the past week, GSR's public wallet has deposited 9.48 million ARBs ($3.1 million) into Binance; Anchorage Digital custodial wallet transferred 50.1 million ARBs ($15.3 million) to Wintermute hot wallet in the past two weeks; A wallet possibly related to Monetalis received 42.19 million ARBs ($12.88 million) in the past week, and currently holds 77.12 million ARBs ($27.81 million), becoming the 13th largest ARB holder. It is worth noting that ARB investors seem to be selling. On chain data shows that since June 14th, wallet 0xC4Db has deposited 63.27 million ARBs ($19.8 million) into Bybit and Binance. The exact seller has not been confirmed yet, but the Arkham label suggests that the wallets involved may be related to Paradigm Capital, Teneo, or DeFinance Capital. In the context of rising prices and improved liquidity, investors may take this opportunity to sell.