Whale withdraws $2.34M in ARB and UNI from CEX, coinciding with over 90M ARB unlocked in a single day

On October 18, according to Arkham monitoring, whale address 0x204 withdrew approximately $2.34 million worth of Arbitrum (ARB) and Uniswap (UNI) tokens from Bybit about 2 hours ago.

Notably, Arbitrum just unlocked more than 90 million ARB this week. Despite ongoing token unlock pressure, ARB's price has still risen sharply recently and has remained elevated over the past month.