Data: A whale that bet on UNI before the Unification proposal was submitted withdrew another $12.68 million worth of UNI from Coinbase.
AI Summary1 min read
TL;DR
A whale or institution withdrew $12.68 million worth of UNI from Coinbase, increasing holdings to $20.02 million with a $740,000 profit. It may be Coinbase consolidating wallets.
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UniswapAMMGovernanceYield FarmingUNIwhaleCoinbasecryptocurrencyon-chain analysis
According to ChainCatcher, on-chain analyst Ai Yi (@ai_9684xtpa) reports that whale/institutions who bet on UNI before the Unification proposal was submitted continue to increase their UNI holdings.
In the past 6 hours, he withdrew another 2,179,487 UNI tokens from Coinbase, worth $12.68 million. As of now, this address has accumulated 3.629 million tokens ($20.02 million), with an average withdrawal price of $5.51, resulting in a floating profit of $740,000. However, it's also possible that the address belongs to Coinbase and this is simply a wallet consolidation.