- A dormant Uniswap wallet moved $47.5M in UNI after 4.58 years.
- Total of 19.21M UNI tokens transferred to Coinbase Prime in 6 days.
- Average selling price of the transfers was around $5.65 per UNI.
Dormant Wallet Awakens After Nearly 5 Years
A Uniswap-linked wallet has just made headlines by transferring 9 million UNI tokens—worth approximately $47.5 million—to Coinbase Prime. What makes this move remarkable is the fact that this wallet had been inactive for 4.58 years before suddenly coming to life. This is part of a larger pattern that’s caught the crypto community’s attention.
Over the past six days, four different wallets connected to Uniswap have collectively moved 19.21 million UNI tokens, valued at $108.5 million. These transfers were all directed toward Coinbase Prime, a platform typically used by institutional investors for over-the-counter crypto trades.
A Trend Among Early Holders?
This recent wave of activity is raising questions. Why are these long-dormant wallets choosing to sell now? The timing could suggest that early Uniswap participants or insiders may be securing profits as UNI stabilizes around the $5.65 mark.
Some analysts speculate that these may be pre-allocated tokens or early rewards that are now being liquidated. Others wonder if this signals a broader shift in sentiment among UNI holders, or simply a strategic portfolio reshuffle by major stakeholders.
Market Impact and Community Reactions
Although the total volume moved is significant, the market hasn’t yet shown dramatic price changes. However, large transfers like these often precede volatility or shifts in investor sentiment. Community discussions on platforms like Twitter and Reddit are buzzing with theories—from upcoming Uniswap announcements to internal strategic moves.
For now, all eyes are on Coinbase Prime wallets to see if this trend continues or if the recent activity marks a one-off liquidation event.
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