Uniswap Team Moves 699,990 UNI to Coinbase! 🚨
The Uniswap team's Team/Investor/Advisor wallet 0x63b has deposited the remaining 699,990 UNI ($4.72M) to Coinbase ~ 8 HOURS AGO.
Address: 0x63b53181bdc48a9fbf1d23d461d3cfd82b0abc83
Originally, the wallet received 9M UNI from Uniswap on September 17, 2020, when the price was $3.44 ($30.96M).
All tokens have since been moved to Coinbase between July 4 and September 13, 2024, at an average price of $7.86 ($70.72M).
During the intense market period from July 4 to August 6, UNI saw a 44.4% drop from $8.546 to as low as $4.748.
Interestingly, among the top 20 UNI-holding wallets, 10 wallets (which received tokens from the Uniswap team and have been inactive for 7+ months) still hold 99.63M UNI ($674M).
These addresses may be worth watching for potential unloading of tokens if you're tracking UNI.
