Anonymous address withdraws $24.2M in UNI from exchange

An address believed to belong to an institution that made $124 million by selling ETH in early September recently withdrew 3.125 million UNI, worth about $24.2 million, from an exchange and moved the tokens to two newly created wallets, according to on-chain analytics firm Hupzy, formerly Spot On Chain. Exchange withdrawals are typically interpreted as a sign of holding intent. The average purchase price was $7.7.