Uniswap Insider-Labeled Addresses Transfer $74.7M UNI to Coinbase Prime

IconCryptoNewsTerminal Staff02 Aug, 2024

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Uniswap Insider-Labeled Addresses Transfer $74.7M UNI to Coinbase Prime

Uniswap insider-labeled addresses have transferred 1.131 million UNI tokens, valued at approximately $7.47 million, to Coinbase Prime, according to on-chain analyst Amberdata. This latest transfer adds to the 8.3 million UNI tokens, worth $65.98 million, that were sent to Coinbase Prime over the past 30 days. In September 2020, the address received 9 million UNI tokens through Uniswap's team, investor, and advisor distribution contract. Currently, the address holds around 700k UNI tokens, equivalent to approximately $4.62 million. UNI's price has fallen since the address began transferring tokens to exchanges, dropping from around $8.52 to its current price of $6.57, a decline of about 23%.

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