A month ago, the founder of Uniswap announced the [Fee and Burn Proposal], which caused $UNI to surge by 46%. They transferred 2.818 million $UNI ($27.08 million) to a CEX institutional address at a price of $9.6. Today, 823,000 UNI ($4.73 million) was withdrawn from Binance and Bybit 4 hours ago.
Is this high selling and low buying?: The price when they last transferred to CEX was $9.6, and the increase due to the [Fee and Burn Proposal] has already fallen back; the price at the time of withdrawal today is $5.7.
Address: 0xb5E4d21240e9356caFc3a1261d10383f62DFc24e