- Three wallets transferred 10.21M UNI worth $60.99M to Coinbase Prime.
- The largest wallet held 9M UNI since Uniswap’s 2020 airdrop at $3.44 each.
- All tokens were moved in full without announcements or multi-exchange splits.
Three wallets connected to Uniswap carried out major UNI token transfers after remaining inactive for over 3.5 years. According to Spot On Chain observation, a total of 10.21 million UNI tokens, valued at approximately $60.99 million, were moved to Coinbase Prime.
Dormant Wallet Activity Ends With a Sudden Transfer
The transfers occurred within a short period, catching attention due to the ‘ prolonged dormancy. Each wallet had held UNI tokens since at least 2020. These wallets were previously inactive, with no recorded movements or transactions during that period. One of the wallets received 9 million UNI tokens in September 2020. At the time, UNI was priced at $3.44 per token. This made the transaction’s total value roughly $31 million when the deposit was first made. This wallet was responsible for the largest transfer of the three.
A deeper view indicates that a significant sell transaction of 10.214 million tokens occurred on April 24, 2025, at 10:24 AM. This sale resulted in an outflow valued at $60.987 million with an average price of $5.971 per token. No purchases were recorded during this period, indicating a one-sided transaction activity within the 24-hour timeframe. Market volatility persisted with repeated peaks and drops, reflecting rapid short-term price shifts during the session.
All three wallets transferred their tokens directly to Coinbase Prime. The transfers were not spread across multiple exchanges. The combined amount of 10.21 million UNI was sent in full, without splitting or staging. These movements have not been linked to any internal or external announcements from Uniswap or Coinbase. The transactions have only been observed through on-chain data platforms.
Historical Context of the UNI Holdings
The 9 million UNI tokens received in 2020 were transferred during Uniswap’s token distribution period. This period marked the platform’s first major airdrop and decentralization push. The price at that time, $3.44, was significantly lower than current levels. The value of the holdings has nearly doubled since the initial receipt. Based on the recent transfer value, the tokens are now worth over $60 million.
The transactions were recorded and reported by blockchain monitoring service Spot On Chain. These details were shared via public sources, showing the wallet addresses and timestamp data. The recent activity indicates a notable shift in token movement after several years. It remains unclear whether the transfers signal internal repositioning or preparation for external action.
