Uniswap address deposits $9.93M worth of UNI to Coinbase Prime

IconCryptoNewsTerminal Staff16 Jul, 2024

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Uniswap address deposits $9.93M worth of UNI to Coinbase Prime

Uniswap, a decentralized exchange, has made another large transfer of UNI tokens to Coinbase Prime. This time, the amount transferred was 1.29 million UNI, worth approximately $9.93 million. This brings the total amount of UNI transferred to Coinbase Prime by this address to 4.77 million UNI, worth $39.75 million, over the last 13 days. Market analysts believe the constant selling of UNI from this address has contributed to UNI's underperformance compared to other Ethereum ecosystem tokens (i.e. MKR, AAVE, CRV) recently.