To meet tax and compliance requirements, the Arkham team transferred more than 300 million ARKM to Coinbase Prime an hour ago.

Odaily News According to on-chain analyst Yu Jin’s monitoring, one hour ago, 304.5 million ARKMs (worth $487.24 million) belonging to the Arkham team were taken out of the vesting contract and transferred to Coinbase Prime. This also includes 115.8 million ARKMs (worth $185.28 million) belonging to Arkham CEO. According to the announcement released by Arkham on July 18, in order to pay taxes and comply with regulations, the team’s tokens need to be taken out of the unlocking contract on the chain and transferred to Coinbase Prime for custody/monitoring. At the same time, the ARKMs belonging to the team/investors/consultants have entered a linear unlocking cycle since the day before yesterday (July 18). The current daily unlocking volume of these three parts is about 324,200 (worth $518,000).