Galaxy Digital Transfers $3 Million in UNI to Coinshares After Binance Withdrawal

Galaxy Digital moves nearly half a million UNI tokens to Coinshares following a substantial withdrawal from Binance, signaling shifting positions in Uniswap assets.

UNI

73d ago

Summary

Galaxy Digital withdrew 292,000 UNI tokens worth $1.83 million from Binance and subsequently transferred 492,500 UNI tokens valued at $3 million to Coinshares, indicating a strategic reallocation of Uniswap holdings.

Terms & Concepts

UNI (Uniswap Token): The governance token of the Uniswap decentralized exchange, used for voting on protocol decisions and upgrades.
Binance: A major global cryptocurrency exchange offering trading, lending, and other digital asset services.
Coinshares: A European digital asset investment firm providing crypto-related exchange-traded products and investment solutions.