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Uniswap team/investor/advisor address continued to transfer 1.219 million UNIs to Coinbase Prime 1 hour ago

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2024-07-17 00:46:12
According to on-chain analyst Ember, the Uniswap team/investor/advisor that has been transferring UNI to Coinbase Prime recently continued to transfer 1.219 million UNI ($9.93 million) to Coinbase Prime 1 hour ago.
He transferred a total of 4.77 million UNIs ($39.75 million) to Coinbase Prime in the last 13 days.
The 9 million UNI he received from the Uniswap team/investor/advisor token distribution contract in September 2020 currently has 4.23 million ($34.85 million) remaining.
The recent price performance of UNI has been significantly inferior to that of other Ethereum ecosystem infrastructure tokens (MKR/AAVE/CRV, etc.), possibly due to the continued sale of the Uniswap team/investor/advisor address.
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