Arkham reports a suspected ZORA team wallet moved 52.53 million tokens to multiple addresses, with a portion quickly sent to Coinbase, leaving $2.1 million still unmoved.
Blockchain analytics firm Arkham detected a suspected ZORA team address transferring about 52.53 million ZORA tokens valued over $2.6 million to three newly created addresses. Of these, one address sent 10.535 million tokens worth around $520,000 to a Coinbase hot wallet shortly after the transfer. The remaining $2.1 million worth of tokens remain in the destination wallets without subsequent movement.