In a notable development, Uniswap Labs has recently moved 1.13 million UNI tokens, valued at approximately $7.47 million, to Coinbase Prime. This transaction, reported by @EmberCN, is part of a series of substantial UNI transfers by the Uniswap team, investors, and advisors.
Over the past 30 days, the associated address has transferred a total of 8.30 million UNI, roughly equivalent to $65.98 million, to Coinbase Prime. The average transfer price for these transactions stands at $7.95 per UNI token.
This significant movement of UNI tokens underscores ongoing strategic adjustments and could have implications for the broader DeFi and cryptocurrency markets. Investors and analysts will be closely watching to see if this trend continues and how it might impact UNI’s market dynamics.
