Arbitrum Foundation Sells ARB Tokens Prior to Governance and Budget Ratification Vote
The Arbitrum Foundation, a non-profit organization that oversees the development and maintenance of the Arbitrum network, has recently sold a significant amount of its native ARB tokens before the community could vote on its governance and budget ratification.This move has caused concern among the community members, who are worried about the potential impact on the network's decentralization and transparency. The sale of tokens before the governance and budget ratification vote has been seen as a breach of trust by the foundation, which was expected to act in the best interest