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