An address believed to belong to an institution that made $124 million by selling ETH in early September withdrew 3.125 million UNI from an exchange and moved the tokens to two newly created wallets. Hupzy, formerly Spot On Chain, valued the withdrawal at about $24.2 million, with an average purchase price of $7.70 per UNI. The address had previously been linked by Ember to the complete sale of 172,500 ETH. Transfers from exchanges to private wallets are typically viewed as a sign of an intention to hold the assets.