Whale Transfers 654,288 UNI to Coinbase Prime Following $1.27M Profit
AI Market Summary
On-chain data indicates whale 0xf7AD deposited 654,288 UNI (~$5.96M) to Coinbase Prime after accumulating over the past month, implying potential distribution and near-term sell-side liquidity. The transfer signals de-risking and can pressure UNI spot and perp positioning as traders anticipate increased exchange supply. While the whale is in profit, the move primarily raises short-term execution and volatility risk for UNI.
Impact level
● Medium
Affected assets
UNI/USDT-2.94%
AI Insight · UNI/USDTAI Insight
▼ Bearish
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On Dec. 11, on-chain monitoring platform Lookonchain reported that a whale address, identified as 0xf7AD, transferred its entire holding of 654,288 UNI to Coinbase Prime. The tokens, valued at approximately $5.96 million at the time of transfer, were accumulated over the previous month at an average entry price of $7.17 per token. This strategic accumulation was facilitated through Flowdesk, totaling an initial investment of $4.69 million. The move to a centralized exchange suggests a potential intent to liquidate, as the position reflects a realized gain of roughly $1.27 million. This transaction highlights significant whale activity within the Uniswap ecosystem, following a period of steady accumulation and subsequent price appreciation that resulted in over $1.15 million in unrealized profit prior to the deposit.
