Altcoin News

Arkham Shifts $487M ARKM To Coinbase Prime, Here’s Why

Arkham Intelligence transfers $487M in ARKM tokens to Coinbase Prime for regulatory & tax compliance. This transfer involves holdings of Arkham's CEO.
Published by
Arkham Shifts $487M ARKM To Coinbase Prime, Here’s Why

Highlights

  • Arkham Intelligence transfers 304.5 million ARKM tokens ($487.24 million) to Coinbase Prime, including 115.8 million tokens owned by the CEO.
  • The transfer is driven by regulatory compliance and tax obligations, moving tokens from vesting contracts to Coinbase Custody.
  • Market impact includes a slight 2.76% price decline in the last 24 hours, with the crypto community closely monitoring.

Arkham Intelligence has executed a major token transfer, moving nearly half a billion dollars worth of its native ARKM tokens to Coinbase Prime. This strategic move, involving hundreds of millions of tokens, including a substantial portion owned by the company’s CEO, has raised eyebrows in the crypto community. As the firm cites regulatory compliance and tax obligations as the driving factors behind this transfer.

Advertisement

Arkham Token Transfer

Arkham Intelligence, a blockchain analytics firm, has made a significant move in the cryptocurrency space by transferring 304.5 million ARKM tokens, valued at approximately $487.24 million, from its vesting contract to Coinbase Prime. This transfer, which occurred on July 18, 2024, includes 115.8 million ARKM tokens ($185.28 million) owned by the CEO.

The company stated that this transfer is necessary for tax compliance and regulatory purposes. The process involves reclaiming ARKM tokens from existing vesting smart contracts and moving them to an intermediary address before final transfer to Coinbase Custody addresses.

They explained that this move will result in Coinbase Custody managing the ARKM vesting for the company’s employees. The custodial arrangement will be subject to compliance and transaction monitoring, adhering to a trading plan that follows the pre-set, 3-year unlock schedule.

It’s worth noting that the team, investors, and advisors’ ARKM tokens entered a linear unlocking cycle on July 18. The current daily unlocking volume for these three groups is approximately 324,200 ARKM tokens, valued at around $518,000.

Also Read: Aave V3 Deployment On Aptos Mainnet Approved, Launch Imminent

Advertisement

Market Impact & Future Outlook

As of today, the price of Arkham price stands at $1.61, with a 24-hour trading volume of $50.2 million. This represents a 2.76% price decline in the last 24 hours, but a 17.69% price increase over the past week. With a circulating supply of 240 million ARKM, the market cap is currently valued at $390.2 million.

This significant token movement by one of the blockchain industry’s notable analytics firms has drawn considerable attention. The crypto community will likely be watching closely to see how this transfer affects ARKM’s market price and liquidity in the coming days. Investors and market analysts will be particularly interested in how this move might influence the token’s performance and position in the broader cryptocurrency ecosystem.

Also Read: MAGA Price Skyrockets 20% On Elon Musk New Post

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?

Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting.…

October 26, 2025
  • News

White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC

White House crypto czar David Sacks has shown his support for Donald Trump's nomination of…

October 25, 2025
  • News

Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role

Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…

October 25, 2025
  • News

Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms

Kyrgyzstan has made a significant move in the adoption of digital finance. It has now…

October 25, 2025
  • News

Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing

Ripple-backed Evernorth's XRP treasury has grown to $1 billion just days after the company announced…

October 25, 2025
  • News

Trump Tariff Tensions Ease as U.S. and China Hold Positive Trade Talks Ahead of Oct 30 Summit

In fresh developments, the United States and China’s trade teams have commenced negotiations on the…

October 25, 2025