UNI Token Slides After $60M Uniswap Transfer, Despite Rising TVL
Uniswap’s recent large-scale UNI transfers have rattled the market, casting a shadow over investor confidence and triggering a wave of sell-offs. On-chain data reveals that wallets linked to the Uniswap team moved a total of 9 million UNI—worth approximately $47.5 million—into Coinbase Prime, a platform known for institutional over-the-counter (OTC) trading. In total, $60.99 million…