**3.5 Years of Silence, Now Whale Wallets of Uniswap Rise & Deposit to Coinbase!**
After more than 3.5 years of inactivity, three wallets connected to the Uniswap team suddenly sent 10.21 million $UNI (worth $60.99 million) to Coinbase Prime. One of the main wallets is known to have received 9 million $UNI from Uniswap when the token price was still $3.44 in September 2020—which means its value at that time was only around $31 million. This means that this wallet has experienced a doubling in value during its long-term hold.
This movement signals potential selling pressure from whales who have held large assets for years, especially if their goal to exchange is for liquidation purposes. However, this could also mean portfolio rebalancing or further staking strategies. Traders and investors are advised to be mindful of the potential volatility at the $UNI price, as token flows to exchanges often precede major sell-offs.
