Whale Moves $17.8 Million in SOL to Binance After Unstaking

Onchain Lens reports a major UNI holder withdrew over 315,000 tokens from Binance, increasing total holdings to more than $9 million.

SOL
UNI

Summary

On August 23, Onchain Lens reported that a whale address withdrew 315,529 UNI, valued at $3.55 million, from Binance in a single transaction. The move occurred just 10 minutes before reporting. The address now holds a total of 814,724 UNI, worth approximately $9.17 million, highlighting notable whale accumulation activity.

Terms & Concepts
  • Whale: A term used in crypto markets to describe individuals or entities holding large amounts of a cryptocurrency, capable of influencing price movements.
  • UNI: The governance token of the Uniswap decentralized exchange, used for voting on protocol changes and representing stakeholder interests in protocol governance.