Early UNI whale transferred 9 million tokens to Coinbase, suspected to be cashing out

According to on-chain tracking data, 5 hours ago, the early UNI whale address 0xA29b…F94097 transferred 9 million UNI to Coinbase exchange, with a total value of approximately 63.81 million USD, averaging 7.09 USD per token, suspected to be a selling operation.

This address is the early distribution address for the UNI project, and this batch of tokens has been held for over 5 years;

The historical highest price of UNI reached 44.97 USD, and the value of holdings at that address once exceeded 400 million USD at its peak;

The current market price has retraced more than 84% compared to the historical peak.

This whale investor has held UNI for many years, and if sold at the peak, could have realized over 400 million USD in returns;

The current selling value is 63.81 million USD, with a floating loss of over 336 million USD compared to the peak;

This selling behavior is seen as a reality cashing out operation under the 'collapse of pattern' of long-term holders.