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Analysis: The previous transfer of 2.359 million UNI may be a one-time allocation or over the counter and will not affect the spot price of UNI

Spot On Chain monitors that 5 hours ago, Uniswap related wallets transferred 2.359 million UNI (about $20.20 million) to Coinbase Prime. It is worth noting that 2.338 million UNI (about $19.90 million) has been absorbed by 12 wallets. This is likely to be a one-time allocation or over the counter, so it will not affect the spot price of UNI. Currently, 6.64 million UNI (~ $55.20 million) remains in the team/investor/advisor wallet.