An institutional address, previously suspected of liquidating UNI at its peak, withdrew 823,000 UNI tokens from a centralized exchange (CEX) four hours ago.
On December 10, on-chain analytics from Ember, cited by BlockBeats, detail an institutional wallet's recent activity. This entity, which previously transferred 2.818 million UNI (valued at $27.08 million) to a centralized exchange (CEX) at $9.6 per token approximately one month ago, has now withdrawn 823,000 UNI (valued at $4.73 million) from Binance and Bybit, roughly four hours prior.
The prior distribution followed the Uniswap founder's "fee mechanism and token burn" proposal, which precipitated a 46% UNI price surge. Those gains have since fully retraced. The initial transfer occurred at $9.6 per UNI; the recent re-accumulation was executed at $5.7 per UNI, reflecting a substantial market correction.