Monitored by Spot On Chain, the wallet address of Offchain Labs, the development team behind Arbitrum, starting with 0x1e70, has redistributed 142.6 million ARB tokens (approximately $165.5 million) to 16 addresses within the past two days. Specifically, 10 wallets hold a total of 106.5 million ARB tokens (approximately $123.6 million), while 4 wallets have returned 50.1 million ARB tokens (approximately $58.1 million) to Offchain Labs, with the wallet address starting with 0x06fe transferring 15,000 ARB tokens (approximately $17,400) to Binance.

Additionally, Offchain Labs has reclaimed 96.85 million ARB tokens (approximately $112.4 million) from 8 addresses and sent ARB tokens to those addresses between May 19th and 25th to facilitate this reallocation.