Amber Group Withdraws 358K UNI from Binance, Realizes $230K Floating Profit

According to PANews on August 11th and monitoring by @ai_9684xtpa, Amber Group withdrew 358K UNI from Binance for about $3.81M, transferring some to a new address, its first major withdrawal in over a year.

UNI

Summary

PANews reported on August 11th that, with monitoring by @ai_9684xtpa, Amber Group withdrew 358,000 UNI from Binance over the past three days. Valued at roughly $3.81 million at an average price of $10.64 per UNI, the move generated a floating profit of $230,000. Notably, some tokens were transferred to the new address 0xeB4...CD0E5, marking its first significant UNI withdrawal in over a year.

Terms & Concepts
  • UNI Token: The native token of the Uniswap platform, used for governance and liquidity-related functions.
  • Floating Profit: An unrealized profit calculated based on the current market value of held assets, not secured by a sale.