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Coinbase Prime’s Mega Haul: 1.17M UNI and 1.15M LDO Shifted by Whales!

Key Points:

9 hours ago, a significant entity moved 1,168,596 UNIs (approx. $5.59M) and 1,149,453 LDOs (approx. $1.85M) to Coinbase Prime.
UNIs and LDOs originated from Coinbase Prime’s first two months, facing potential $3.19M loss.

According to Ember, 9 hours ago, a giant whale/organization address transferred 1,168,596 UNIs and 1,149,453 LDOs to Coinbase Prime.

This transaction involved the transfer of a staggering 1,168,596 UNI tokens, equivalent to around 5.59 million USD, along with 1,149,453 LDO tokens, amounting to roughly 1.85 million USD. The recipient of this significant transfer was none other than Coinbase Prime, a well-known name in the world of cryptocurrencies.

An intriguing aspect to consider is the origin of these UNI and LDO tokens. These tokens had initially emanated from Coinbase Prime during the initial two months following their launch. During this period, the average valuation of each UNI token was approximately $6.26, while the average price of LDO tokens stood at 2.38 USD. Utilizing this valuation, it becomes evident that the originating address of this transaction potentially faces a substantial loss amounting to approximately $3.19 million in terms of the market value of these tokens.

This transaction serves as a notable event within the cryptocurrency ecosystem, indicating the movement of considerable digital assets from one major player to another. The transfer’s sheer volume highlights the intricate dynamics of the crypto market, where substantial amounts can change hands within mere moments. Moreover, the chosen recipient, Coinbase Prime, a renowned platform for crypto trading and investment, gains access to an influx of these tokens, which could potentially impact the platform’s liquidity and further solidify its standing in the market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.