$25 million worth of UNI was transferred out of a CEX this past Tuesday, setting a new high for 2021
BlockBeats News, February 8th, according to IntoTheBlock data, $25 million worth of UNI tokens were transferred out of the exchange on February 4th, hitting a new high since 2021.
UNI price has recently surged, mainly driven by the significant increase in Uniswap trading volume and fee revenue on the Robinhood Chain, as well as the continuous burning of UNI through the protocol fee switch, enhancing the deflationary expectations for the token.
Relying on selling tokens to raise funds for the foundation in the absence of long-term empowerment of UNI tokens undoubtedly shifts the ecological operation costs to long-term holders of UNI tokens.