# Union Square Ventures (USV) Moves Millions in UNI A wallet address associated with Union Square Ventures (USV) has reportedly sold 731,000 UNI tokens, valued at approximately $7.43 million, according to on-chain analytics platform EmberCN. This transaction follows a period of inactivity spanning eight months. # Previous UNI Sales and Current Holdings The same address previously divested 3,511,000 UNI tokens in December at an average price of $15.53, generating $54.56 million. The sold UNI was deposited to Coinbase Prime roughly eight hours before the report. Despite these sales, the address still holds a substantial 9,675,000 UNI tokens, currently valued at $96.65 million. The reason for these significant UNI movements by Union Square Ventures remains unknown, leading to speculation within the cryptocurrency community. # Potential Impact on UNI Price Large token sales can sometimes exert downward pressure on the price of the asset. It remains to be seen if this latest sale will have a noticeable impact on the UNI market. ```