The Uniswap team's address continued to transfer 1.219 million UNI to CEX an hour ago
According to on-chain analyst Yu Jin, the Uniswap team/investor/advisor address that has been continuously transferring UNI into CEX recently transferred another 1.219 million UNI (worth $9.93 million) to CEX an hour ago. In the past 13 days, it has transferred a total of 4.77 million UNI (worth $39.75 million) into CEX. Of the 9 million UNI tokens received from the Uniswap team/investor/advisor token distribution contract in September 2020, there are still 4.23 million left (worth $34.85 million). The recent price performance of UNI is noticeably weaker than other Ethereum ecosystem infrastructure tokens (MKR/AAVE/CRV etc.), possibly due to the continuous selling by this Uniswap team/investor/advisor address.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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