Uniswap Labs Transfers 1,131 Million UNI to Coinbase

Bittime - Uniswap Labs transferred 1,131 million UNI to Coinbase Prime, indicating major activity in the Uniswap ecosystem and its potential impact on the market price of UNI, according to a Shenzhen TechFlow report and Ember analysis.

Uniswap Labs Transfers 1,131 Million UNI to Coinbase 

Uniswap Labs recently made a large transfer sending 1,131 million UNI worth around $7.47 million to Coinbase Prime. According to a Shenzhen TechFlow report, these transfers are part of an ongoing trend, according to on-chain data analyst monitoring Ember.

On-Chain Transfer and Monitoring Details

Ember, an on-chain data analyst, said that UNI continues to be transferred to the addresses of the Uniswap team, investors and advisors on Coinbase Prime. The most recent transfer of 1,131 million UNI occurred just one hour ago. 

This address has been actively transferring, with 8.3 million UNI or approximately $65.98 million having transferred to Coinbase Prime in the last thirty days. The average transfer price is $7.95 per UNI.

Why is this UNI Transfer to Coinbase Important?

This massive transfer shows great activity in the Uniswap ecosystem. This can show some of the strategies and important decisions made by the Uniswap Labs team, such as liquidity, marketing, and preparation for development. Given the large volume of tokens being moved, this massive transfer could also impact UNI's price in the market.

Impact on the Market Due to Uniswap Labs Transfer of 1,131 Million UNI to Coinbase 

Price changes in the market are often caused by the transfer of large amounts of tokens. In this case, UNI price movements in the market may have been influenced by the transfer of 8.3 million UNI in the last thirty days. With an average transfer price of $7.95, this shows strong interest from investors in the UNI token.

Conclusion

With the transfer of 8.3 million UNI in the last 30 days, Uniswap Labs has sent 1,131 million UNI to Coinbase Prime, showing great activity in the Uniswap ecosystem. This shows that the Uniswap team is implementing a strategy. Ember's monitoring of on-chain activity provides important information about token movements and how it impacts the market. Market players and crypto investors will keep a close eye on this progress as one of the leading decentralized platforms.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.