The post Dormant Uniswap Whales Awaken: $61M in $UNI Moved to Coinbase Prime After 3.5 Years appeared on BitcoinEthereumNews.com.

Three wallets linked to Uniswap that have been inactive for a long time have, in an unexpected turn of events, moved 10.21 million $UNI tokens to Coinbase Prime. The movement is worth about $60.99 million and has happened after more than three years of dormancy. Crypto analysts and traders are now speculating about the motive behind the transfer that involves such large amounts of money and what it might mean for the future of Uniswap’s token economy. The biggest transfer occurred from a wallet that got 9 million $UNI tokens during Uniswap’s token launch in September 2020. Then, $UNI was trading at just $3.44, which meant that this particular airdrop was valued at around $31 million. But fast forward to April 2025, and the value of those same tokens has nearly doubled. That’s a return on investment that a holder can really get behind. Three wallets linked to @Uniswap just deposited 10.21M $UNI ($60.99M) to #CoinbasePrime after 3.5+ years of dormancy. The largest deposit came from a wallet that received 9M $UNI from Uniswap in September 2020, when $UNI was $3.44 (valued at ~$31M). Follow @spotonchain and set… pic.twitter.com/nzobjAldyW — Spot On Chain (@spotonchain) April 24, 2025 From Dormancy to Movement: Timing and Impact These deposits came from wallets that had sat unused for more than 1,270 days. Their sudden reactivation was intriguing. The sum was transferred to what has to be construed as a top-tier, access-controlled conversion space—Coinbase Prime. You don’t move this kind of money halfway unless you intend to do something big, like shift your overall crypto portfolio or cash out. At press time, none of the tokens had been sold, but the deposits were well-timed. Uniswap, arguably the most prominent decentralized exchange (DEX) on Ethereum, has enjoyed a recent surge in user activity. That’s reflected in…

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Filed under: News - @ April 25, 2025 3:20 am