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Beefy Finance Has Sold Over 850,000 ARB from the Arbitrum Foundation's Initial Allocation

Beefy Finance Has Sold Over 850,000 ARB from the Arbitrum Foundation's Initial Allocation

2023/05/16 02:54

Spot On Chain monitors data showing that in the past 11 days, Beefy Finance, a multi-chain revenue optimization protocol, has sold 851,710 ARB tokens from the Arbitrum Foundation's initial allocation, converting a total of 967,000 USDC and 13.19 ETH. The Arbitrum Foundation has allocated a total of 1,802,783 tokens to it and still holds 951,073 ARBs (approximately $1.15 million).

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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