PANews reported on October 24 that according to Yu Jin, an early investor/institution that was allocated 30 million UNI in 2020 transferred 1.882 million UNI (about 11.61 million US dollars) to the market maker Wintermute address 6 days ago, and transferred another 2.5 million UNI (about 15.75 million US dollars) to the same address 1 hour ago.
On-chain evidence suggests this address is likely continuing its previous activities, selling UNI on the secondary market through Wintermute. If this continues, it is expected to put pressure on UNI's short-term liquidity and price.
