🚨 Uniswap Team Transfers 699,990 $UNI to Coinbase 🚨🐳

Recently, a wallet with the address 0x63b53181bdc48a9fbf1d23d461d3cfd82b0abc83 from the Uniswap team sent the remaining 699,990 UNI ($4.72 million) to Coinbase.

📌The wallet initially received 9 million UNI from Uniswap on September 17, 2020, when the price was $3.44 ($30.96 million). All tokens were transferred to Coinbase between July 4 and September 13, 2024, at an average price of $7.86 ($70.72 million). During the market bull run from July 4 to August 6, UNI fell 44.4% from $8,546 to a low of $4,748.

📌Interestingly, of the top 20 UNI holding wallets, 10 wallets (which received tokens from the Uniswap pool and have been inactive for over 7 months) still hold 99.63 million UNI ($674 million). These addresses may be worth monitoring for potential token sell-offs if you are keeping an eye on UNI.