CapDot Finance sold 1 million ARB original airdrops

ChainCatcher news, according to X user Yu Jin's monitoring, the decentralized perpetual trading platform CapDot Finance transferred 1.88 million ARB (1.93 million USD) from the treasury address 16 hours ago, and then sold 1 million ARB at an average price of 1.02, exchanging it for 1.02 million USDC.

The ARB holdings of this address originated from a DAO airdrop of 2.96 million ARB received from the Arbitrum Foundation on April 25, of which 2 million ARB were sold for 311 ETH + 1.59 million USD stablecoins, at an average price of 1.09.