Arbitrum, a leading Ethereum-based layer2 chain, had its native token ARB exhibiting bearish actions since April 2023. Meanwhile, institutions seem ready to trim their holdings as they transfer ARB to centralized exchanges (CEXs). SpotOnChain tweeted about CAP Finance and Mandala Capital preparing to shed ARB tokens. Mandala Capital transferred 3.6 million ARB coins to CEX The post Institutions selling Arbitrum (ARB) tokens amid prolonged downtrends appeared first on Invezz .
