Uniswap Team Transfers 1.209 Million UNI to Coinbase Prime

IconCryptoNewsTerminal Staff19 Jul, 2024

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Uniswap Team Transfers 1.209 Million UNI to Coinbase Prime

Cryptocurrency on-chain analyst EmberCN reported that the Uniswap team/investor/advisor address transferred 1.209 million UNI (around $9.64 million) to Coinbase Prime three hours ago. This transaction is part of a larger pattern of UNI transfers to Coinbase Prime, with a total of 5.98 million UNI (approximately $49.39 million) being moved in the last 16 days. As a result, the wallet now holds only 3.02 million UNI out of the 9 million UNI distributed to the team/investors/advisors in September 2020. These transfers suggest that the Uniswap team may be preparing for a major event or seeking to diversify its holdings. The market will closely monitor further developments.

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