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Just now, an institutional address withdrew 823,000 UNI from a leading exchange and another platform 4 hours ago, worth $4.73 million.
What's interesting about this? A month forward - at that time, the founder of a decentralized exchange protocol had just released a fee reform and token burning plan, and UNI soared by 46%. At that juncture, the institution took advantage of the situation to transfer 2.818 million UNI( worth $27.08 million at the time ) to the centralized platform at a price of $9.6.
Now I have withdrawn the coins back. This operation, typical high-level shipments, low-level replenishment? The last time it was transferred out, it was $9.6 a piece, and the cost of withdrawing it back this time was significantly lower. On-chain data will not lie, but what do you think about whether this wave of operations is laid out in advance or pure arbitrage?