Analysis: The previously transferred 2.359 million UNI could be a distribution or an over-the-counter transaction, which will not affect the spot price of UNI
Spot On Chain monitoring, 5 hours ago, a Uniswap-related wallet transferred 2.359 million UNI (about 20.2 million USD) to Coinbase Prime. It's worth noting that: 2.338 million UNI (about 19.9 million USD) has been absorbed by 12 wallets. This is likely a distribution or over-the-counter transaction, so it will not affect the spot price of UNI. Currently, there are still about 6.64 million UNI (approximately $55.2 million) left in team/investor/advisor wallets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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