In a surprising move, an early $UNI investor who has been dormant for four years has finally made a transaction, triggering speculation in the crypto community.
This particular wallet address received 9 million $UNI tokens from the Uniswap project prior to the token’s official launch.
Despite the dramatic price fluctuations of $UNI between 2020 and 2024—rising above $40 and dipping below $2—the wallet remained inactive, with no transfers or sales for nearly four years.
However, five hours ago, the investor transferred 1.3 million $UNI tokens, worth approximately $9 million, to an exchange, marking their first-ever sale. This move comes as a surprise to many, considering the extended period of dormancy during both bull and bear market conditions.
The Investor Still Holds Notable Amount Of $UNI
Despite this sale, the investor still holds a significant amount of $UNI, with a remaining balance valued at approximately $52.88 million. The decision to offload a portion of their holdings now has raised questions about what might have prompted the long-time holder to finally make a move.
沉睡四年的 $UNI 早期投资者疑似首次抛售 UNI🦄
该地址四年前（代币上线前）从 Uniswap 项目方处收到 900 万枚 UNI，2020 – 2024 年期间无论币价涨破 40 美金还是跌破 2 美金都没有卖出或转移，却在 5 小时前首次向交易所充值 130 万枚代币，价值 900 万美金
目前地址仍持有价值 5288 万美金的 UNI pic.twitter.com/VPod8d4a44
— Ai 姨 (@ai_9684xtpa) September 14, 2024
The sale also coincides with a recent 5% decline in Uniswap’s token value over the past 24 hours, leading some to speculate whether this whale activity could have contributed to the price dip or whether it reflects broader market conditions.
As the situation unfolds, many in the community are closely watching for any further movements from this wallet. The activity of early investors like this can have a notable impact on market sentiment, especially when they control large amounts of a particular asset. For now, $UNI holders and market watchers alike are left wondering if this sale is a one-time event or the beginning of a broader trend.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/dormant-uni-investor-sells-for-the-first-time-after-four-years-sends-9m-to-exchange/