### **Uniswap (UNI) News Summary โ Binance Square**
#### **๐ UNI Mass Sold Despite Entering Coinbase Prime**
- The Uniswap team transferred **9 million UNI** (worth **$47.5 million**) to **Coinbase Prime** (OTC platform for institutions).
- A total of **$60.99 million UNI** has been transferred to Coinbase in the last 6 days.
- However, instead of being seen as bullish, the **market responded negatively**:
- **UNI price dropped 2.7%** (24 hours).
- **Large holders & spot traders selling**:
- **Whale sold 515,740 UNI** ($2.74 million).
- **Spot trader sold $14.98 million UNI** in a week.
#### **โ Why Donโt Investors Trust?**
- **Concerns** that the Uniswap team might be preparing for **dumping** (even though OTC should minimize market impact).
- **Bearish sentiment** strengthens as UNI has been **stuck in a downtrend for weeks**.
#### **๐ Is There a Bullish Side Too?**
- **Uniswap's TVL increased by $66 million** (since April 26), now totaling **$4.009 billion**.
- **UNI's position at a crossroads**:
- If **it rebounds from support**, it could continue to rise.
- If **it breaks through resistance**, the rally may continue.
### **๐ Conclusion:**
- **Short-term FUD (fear) is dominant**, but **fundamentals are strong** (TVL rising, institutional interest).
- **Watch for breakout or breakdown** to confirm the next direction.
