Uniswap-linked address transfers $7.47M worth of UNI to Coinbase Prime

On-chain analyst @EmberCN reported on X that an address linked to the Uniswap team, a project investor or an advisor transferred 1.131 million UNI ($7.47 million) to Coinbase Prime about an hour ago. Over the past 30 days, this address has moved a total of 8.3 million UNI ($65.98 million) to the exchange. Originally receiving 9 million UNI from Uniswap's token distribution in September 2020, the address now holds 700,000 UNI ($4.62 million). Notably, the price of UNI has fallen from $8.52 to $6.57, a drop of approximately 23%, since the address first started depositing UNI to the exchange.