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This institution sold UNI for $9.6 a month ago, and today it received $5.7 again
Interesting things are coming. A month ago, the founder of a decentralized exchange threw out the “fee burning proposal”, and UNI soared 46%. At that time, an institutional address took advantage of the excitement and threw 2.818 million UNI (worth $27.08 million at the time) into a leading exchange at $9.6.
The result? Today this buddy is back. Four hours ago, the same address withdrew 823,000 UNI from two mainstream exchanges, now worth $4.73 million.
But the story is not so good - last time it was sold for $9.6, and this time it was $5.7. The heat of that wave of proposals has long been cool, and the price has fallen back to its original shape. This wave of operations is a bit embarrassing no matter how you look at it.