Coinbase Fuels Uniswap's Upturn, But UNI Investors Are Jumping Ship

  • TL;DR Uniswap transferred 9 million UNI to Coinbase Prime, accumulating $60.99 million in movements over the past six days. Institutional investors liquidated 515,740 UNI, and the spot market sold $14.98 million in one week, increasing downward pressure. Despite the sell-offs, Uniswap's TVL rose by $66 million since April 26, reaching $4.009 billion according to DeFiLlama.