Analysis: The previously transferred 2.359 million UNI could be a distribution or an over-the-counter transaction, which will not affect the spot price of UNI

Spot On Chain monitoring, 5 hours ago, a Uniswap-related wallet transferred 2.359 million UNI (about 20.2 million USD) to Coinbase Prime. It's worth noting that: 2.338 million UNI (about 19.9 million USD) has been absorbed by 12 wallets. This is likely a distribution or over-the-counter transaction, so it will not affect the spot price of UNI. Currently, there are still about 6.64 million UNI (approximately $55.2 million) left in team/investor/advisor wallets.