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New Address Withdraws 474,000 UNI Worth $4.07 Million from Coinbase

On-chain analyst Ai Yi identifies a fresh blockchain address withdrawing UNI tokens valued at over $4 million from Coinbase.

UNI

Summary

On November 11, on-chain analyst Ai Yi detected that a newly created address withdrew 474,000 UNI tokens from the cryptocurrency exchange Coinbase, with a total value of around $4.065 million, marking a notable large-scale token movement.

Terms & Concepts
  • On-chain analyst: A researcher who studies blockchain network data directly from the distributed ledger to track transactions and activity.
  • UNI: The native governance token of the Uniswap decentralized exchange, used for voting on protocol changes.
  • Coinbase: A major U.S.-based cryptocurrency exchange allowing users to buy, sell, and store digital assets.