Golden Finance reports, according to Spot On Chain monitoring, two institutions that received ARB in the DAO airdrop sold all their tokens before the Dencun upgrade and unlock:
1. dForce about 12 hours ago, deposited 2.45 million ARB (5.05 million USD) into Binance at a price of $2.06.
2. SynapseLabs about 9 hours ago, exchanged 1.03 million ARB for 2.13 million USDC at a price of $2.07.