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An UNI investment institution transferred 2,818,000 UNI to CEX after the proposal was released.

Odaily Planet Daily reports that on-chain analyst Yu Yan monitored that after Uniswap’s founder proposed to activate the fee switch, an UNI investment firm (possibly Variant Fund) transferred 2.818 million UNI (worth $27.08 million) to Coinbase Prime. Subsequently, a large amount of UNI was dispersed from Coinbase Prime to centralized exchanges such as Binance, OKX, and Bybit.

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