Blockchain analytics firm Arkham accused its rivals of "spreading fear, uncertainty and doubt (FUD)" after questions arose about the transfer of native ARKM tokens.

A few days ago, a post published by Nansen, another blockchain analytics firm, claimed that Arkham “moved 25.2 million ARKM (>$56 million) to untagged wallets and cryptocurrency exchange Binance in the last 2 days.”

Arkham responded in its post on April 9 that ARKM transactions “are unlocked tokens according to published tokenomics.” In its first transfer, 20 million ARKM was sent to a new wallet address according to an approved protocol proposal called "Deploying ARKM-secured Chainlink DON for Intel Verification; Adding Support for Solana; Establishing Treasury Pool I; Implementing Rewards Participation."

At time of publication, ARKM's fully diluted market cap is $2.047 billion. Despite a meteoric rise over the past year, ARKM has lost almost 40% of its value in the last month as a result of excitement around the use of AI in blockchain analytics. The firm received an undisclosed investment from Binance Labs last November.

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