Data: An institutional address withdrew UNI tokens worth $4.73 million from CEX today
According to ChainCatcher, on-chain analyst Yu Jin monitored that one month ago, after the Uniswap founder released the "fee and burn proposal" which caused UNI to surge by 46%, an institutional address transferred 2.818 million UNI ($27.08 million) into a CEX at a price of $9.6. Four hours ago today, this address withdrew 823,000 UNI ($4.73 million) from an exchange.
Is this a case of selling high and buying low? The price when they transferred into the CEX last time was $9.6. Now, the increase driven by the "fee and burn proposal" has long since fallen back, and the price at the time of today's withdrawal was $5.7.
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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