Union Sq. Ventures has transferred 578,000 $UNI tokens to Coinbase Prime prior to now 9 hours, which is value roughly $8.45 million.
The motion is a part of a wider development of the transfer of Uniswap (UNI) tokens sticking by USV beforehand this month, as reported by Ember Scan. On Dec. 19, the UTIMCO-backed enterprise capital agency transferred an extra 1.156 million UNI tokens to Coinbase Prime, which was valued at roughly $17.34 million on the common value of $15.07 per historic knowledge.
USV 在 8 小时前继续向 Coinbase Prime 转移了 57.8 万枚 $UNI ($8.45M)。
USV 从 12/6 开始将 2020 年通过投资获得的 UNI 转移至 Coinbase Prime，目前在三周时间里累计转移了 351.1 万枚 UNI ($54.56M)，均价 $15.53。
现在 USV 地址还持有的 UNI 数量为 1036.4 万枚 ($149.66M)。… https://t.co/ULpXyrgLJb pic.twitter.com/o9uqdyj7Pd
— 余烬 (@EmberCN) December 25, 2024
On Dec. 6, 2024, USV started transferring UNI tokens they acquired from a 2020 funding to Coinbase Prime. The enterprise capital agency has transferred 3.511 million UNI, value an estimated $54.56 million, in whole over the previous three weeks. Right here, the typical value of the switch tokens is $15.53.
You may also like: Pudgy Penguins PENGU bounced 30% amid Solana exercise ATH
4 小时前，USV 继续向 Coinbase Prime 转移了 115.6 万枚 $UNI ($17.34M)。
USV 从 12/6 开始将 2020 年通过投资获得的 UNI 转移至 Coinbase Prime，目前在两周时间里累计转移了 293.3 万枚 UNI ($46.11M)，均价 $15.72。
现在 USV 地址还持有的 UNI 数量为 1094.3 万枚 ($160.75M)。… https://t.co/8hUAdDDar8 pic.twitter.com/la7P7XOJxl
— 余烬 (@EmberCN) December 19, 2024
Even after these noteworthy transfers, the handle linked to USV nonetheless has a large variety of UNI tokens in its possession. At the moment, the handle nonetheless holds onto 10.364 million UNI, equating to roughly $149.66 million on the present market value of $14.19.
You may also like: California court docket permits Coinbase to delist Wrapped Bitcoin amid authorized battle with BiT International
The Collection A funding spherical raised $11 million for Uniswap in 2020. Andreessen Horowitz led the spherical with heavy participation from big-name buyers Model One, Parafi Capital, Variant, SV Angel, and A. Capital, together with Union Sq. Ventures. The capital raised was to facilitate the event and scaling of Uniswap’s non-custodial buying and selling providers.
As reported by crypto.information earlier, Uniswap additionally got here to the eye of regulators when the Commodity Futures Buying and selling Fee filed an order in opposition to Uniswap Labs on Sept. 4, 2024, for permitting unlawful buying and selling in digital asset derivatives. Below the phrases of the settlement, Uniswap Labs was required to pay a $175,000 civil penalty and cease violating the CEA.
USV seems to be making its method to numerous designated Coinbase accounts to arrange for liquidation, custodial storage, or portfolio re-allocation. The continued shift of funds to Coinbase Prime, a service designed particularly for institutional buyers, signifies a scientific method to managing its UNI belongings.
Learn extra: Coinbase to record PNUT meme coin
