CandleFocus Union Square Ventures transfers Uniswap Tokens worth $8.45m to Coinbase Prime
2024-12-25
Author: Content Editor
Union Square Ventures (USV) has been transferring large amounts of UNI tokens to Coinbase Prime over the past few weeks. In the latest transfer, USV moved 578,000 UNI tokens worth $8.45 million. In total, USV has transferred 3.511 million UNI tokens worth $54.56 million. Despite these transfers, USV still holds 10.364 million UNI tokens worth $149.66 million. The transfers suggest that USV is preparing for liquidation, custodial storage, or portfolio re-allocation. USV participated in the Series A investment round for Uniswap, which raised $11 million in 2020. Uniswap has also faced regulatory scrutiny for illegal trading in digital asset derivatives.
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