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The Uniswap team's address continued to transfer 1.219 million UNI to CEX an hour ago

The Uniswap team's address continued to transfer 1.219 million UNI to CEX an hour ago

Bitget2024/07/17 01:22

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.

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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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