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USV Sells $7.43 Million in UNI Tokens, First Sale Since December

Union Square Ventures offloaded 731,000 UNI tokens to Coinbase Prime, marking its first sale in eight months while maintaining a substantial $96.65 million UNI stake.

UNI

Summary

Union Square Ventures sold 731,000 UNI tokens worth about $7.43 million, transferring them to Coinbase Prime before the sale. This is the firm's first UNI sale in eight months; its previous sale in December involved 3.51 million UNI for $54.56 million. USV still holds 9.675 million UNI valued at approximately $96.65 million.

Terms & Concepts
  • UNI: The governance token for the Uniswap decentralized exchange, enabling holders to propose and vote on protocol changes.
  • Coinbase Prime: A trading platform designed for institutional investors, offering advanced crypto custody, trading, and financing services.
  • Venture Capital Firm: An investment firm that provides capital to startups and emerging companies with high growth potential in exchange for equity or tokens.