According to TechFlow news on December 3, on-chain analyst Yu Jin monitored that crypto venture capital Variant transferred 1,232,200 UNI ($17.14 million) to Coinbase Prime 10 hours ago. They have transferred a total of 3,696,600 UNI ($44.57 million) to Coinbase Prime in the past 26 days, with an average transfer price of $12.05.

Variant is one of the investment institutions of Uniswap. They received an investment allocation of 1.6 million UNI in September 2020 and withdrew 774,000 UNI from FTX at a price of $5.65 in May 2022.