Uniswap Transfers 2 Million UNI to Wintermute on Kraken Post-Unlock
Overview
After unlocking 10.68 million UNI, Uniswap Foundation transferred 2 million UNI to market maker Wintermute on Kraken.
Key Points
- Purpose of Transfer: The exact reason for the transfer to a centralized exchange (CEX) remains unclear. It might be related to pre-existing agreements between Uniswap and Wintermute. Investors are advised to monitor UNI price movements closely.
Subsequent Transfers: By October 24, 3 million UNI were moved to an intermediary wallet, with 2 million UNI subsequently transferred to Wintermute’s deposit wallet on Kraken.
Transaction from intermediary wallet to Wintermute on Kraken
Unlock Event: On October 21, Uniswap Foundation unlocked 10.68 million UNI, valued at approximately $47.12 million.
Uniswap Foundation unlocks 10.68 million UNI
Wintermute’s Involvement
- Previous Accumulation: In June 2023, Wintermute increased its position in Uniswap, acquiring UNI worth $3.7 million across various exchanges, bringing its total holdings to $3.8 million UNI.
Recent Developments at Uniswap
- Business Adjustments: Uniswap has made significant changes recently, such as introducing a 0.15% interface fee, which has sparked controversy.
Conclusion
The transfer of 2 million UNI to Wintermute following the unlock highlights active movements within Uniswap's ecosystem. Investors should stay vigilant and watch for further developments.
