Arbitrum’s native token ARB rallied approximately 40% over the past week following market speculation about a potential partnership with trading platform Robinhood. The surge coincided with a 25% weekly increase in active network addresses, with 41,840 unique wallets recorded in a 24-hour period during the rally.
Significant on-chain movements accompanied the price action, with multiple high-volume transactions indicating shifting positions among major holders. A Gelato Network-linked multisig wallet transferred 20 million ARB to market maker GSR, which subsequently moved approximately 9.48 million ARB to cryptocurrency exchange Binance.
Additional substantial transfers included custody provider Anchorage Digital shifting 50.1 million ARB to Wintermute’s operational wallet, while Montealis-associated wallets accumulated 42.19 million ARB to become the network’s 13th-largest holder. Another entity tied to wallet 0xC4Db deposited over 63 million ARB tokens to both Bybit and Binance exchanges since mid-June, signaling possible profit-taking among large stakeholders.
The transaction patterns and exchange inflows suggest heightened investor interest amid listing rumors, while simultaneously indicating potential distribution pressure from early adopters capitalizing on recent gains. These developments highlight volatile market dynamics surrounding layer-2 protocols amid institutional exchange partnership speculation.