Uniswap (UNI) Whale Makes a $10.4M Withdrawal From Coinbase Prime, Reactivates Wallet After 6 Months of Dormancy

A major Uniswap investor has reactivated their wallet after six months of dormancy, making a significant withdrawal of 1.48 million UNI tokens

A major Uniswap (UNI) investor has reactivated their wallet after nearly six months of dormancy, withdrawing a substantial amount of UNI tokens. Here's a summary of the event and its potential market impact.

Key Highlights

A significant Uniswap (UNI) investor has reactivated their wallet after six months, making a large withdrawal of 1.48 million UNI tokens from Coinbase Prime.

The investor's wallet now contains a total of 3.91 million UNI tokens, valued at approximately $27.2 million.

Analysis of the investor's wallet reveals two prior large withdrawals of UNI tokens, totaling 3 million, at an average price of $6.89 per token.

An additional 911,000 UNI tokens were unlocked from the Uniswap treasury and transferred to the investor's wallet in February 2024 at an average price of $7.74 per token.

This latest withdrawal by a major investor could impact the market, particularly in the context of decentralized finance (DeFi) token valuations.

Major Uniswap Investor Withdraws 1.48 Million UNI Tokens from Coinbase Prime

On March 10, a major investor in Uniswap (UNI) reactivated their wallet after nearly six months, making a significant withdrawal of 1.48 million UNI tokens from Coinbase Prime. The total value of the withdrawn UNI tokens amounts to approximately $10.4 million at the current market price of $6.99.

This development was highlighted by a crypto analytic service, which noted the large-scale investment in UNI by the particular wallet, evidenced by its acquisition of 3 million UNI tokens, withdrawn from Coinbase in two separate transactions. The tokens were acquired at an average price of $6.89 per token, resulting in a total investment of $20.6 million.

Furthermore, the analysis reveals that 911,000 UNI tokens were unlocked from the Uniswap treasury and transferred to the investor's wallet in February 2024 at an average price of $7.74 per token, valued at approximately $7.05 million. These tokens were then transferred to the investor's wallet, bringing the total holdings to 3.91 million UNI tokens, valued at about $27.2 million at the current market price.

Theといっても仕方がないのですが、walletの動きを見ていると、何かしら大きな動きがあるのかなと想像してしまいます。

それにしても、大きな投資ですね。うらやましい限りです。

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