A whale/institution transferred 1.247 million UNI to Binance 1 hour ago

According to Chain Analysis Analyst Yu Jin's monitoring, after the SEC issued a Wells notice to Uniswap Labs, the UNI price fell from $11.2 to the current $9.4, a 16% drop. A whale/institution who bought 1.247 million UNI at an average price of $6.63 in early 2023 decided to clear their position on UNI due to this news: one hour ago, they transferred all 1.247 million UNI to Binance through two addresses. The whale/institution ultimately realized a profit of approximately $3.45 million (+42%) on UNI.