Amber Group Withdrew Uniswap (UNI) and Ethereum (ETH) from Binance, Exciting Speculations.
Amber Group has withdrawn a significant amount of altcoins from Binance, the world's largest cryptocurrency exchange.
These withdrawals included large amounts of Uniswap (UNI) and Ethereum (ETH).
Blockchain analysis platform Lookonchain was the first to report these large-scale movements.
Amber Group Withdrew Large Amounts of Altcoins from Binance
Investment firm Amber Group has taken an important step by withdrawing a significant amount of Uniswap (UNI) and Ethereum (ETH) from Binance. According to blockchain analysis shared by Lookonchain, Amber Group withdrew 987,053 Uniswap tokens worth approximately $10.6 million and 2,638 Ethereum tokens worth approximately $9.2 million earlier in the day.
Market Speculations and Their Effects
Founded in Singapore in 2017, Amber Group; It operates in the fields of asset management, market making, consultancy, investment and infrastructure services. To date, it has reached a transaction volume of over $1 trillion with more than 2,000 corporate customers. These large Uniswap and Ethereum withdrawals from Binance suggest that Amber Group does not plan to sell these assets in the near future. According to CoinGecko data, Uniswap's price increased by 3% in the last 24 hours, indicating positive market effects.
