USV Transfers $54.56M In $UNI To Coinbase Prime Amid Increased Institutional Interest

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Union Square Ventures (USV) has continued its active movement of $UNI tokens, transferring 578,000 $UNI (valued at $8.45 million) to Coinbase Prime just eight hours ago.

This marks the latest in a series of transactions that began on December 6.

Over the past three weeks, USV has transferred a total of 3.511 million $UNI tokens, worth approximately $54.56 million, to Coinbase Prime. These tokens, originally acquired through USV’s investment in 2020, have an average transfer price of $15.53 per token. Despite these substantial transactions, USV still holds an impressive 10.364 million $UNI tokens, valued at $149.66 million, further cementing its position as a significant $UNI holder.

Meanwhile, Grayscale’s DeFi Investment Fund, established in 2021, has also turned its attention to $UNI. The fund has recently begun promoting its holdings, which currently include tokens worth $6.7 million. Of this, a significant 57%—approximately $4 million—is allocated to $UNI, underscoring the growing institutional confidence in the token’s potential.

These developments signal a bullish outlook for $UNI, as major players like USV and Grayscale continue to show strong interest. The consistent activity from institutional investors highlights the token’s prominence within the DeFi space and suggests that $UNI is poised for steady growth in the near future. This rising institutional engagement could serve as a catalyst for further adoption and price appreciation.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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