USV Transfers $54.56M In $UNI To Coinbase Prime Amid Increased Institutional Interest

Union Square Ventures (USV) has continued its active movement of $UNI tokens, transferring 578,000 $UNI (valued at $8.45 million) to Coinbase Prime just eight hours ago. This marks the latest in a series of transactions that began on December 6. Over the past three weeks, USV has transferred a total of 3.511 million $UNI tokens, worth approximately $54.56 million, to Coinbase Prime. These tokens, originally acquired through USV’s investment in 2020, have an average transfer price of $15.53 per token. Despite these substantial transactions, USV still holds an impressive 10.364 million $UNI tokens, valued at $149.66 million, further cementing its position as a significant $UNI holder. USV 在 8 小时前继续向 Coinbase Prime 转移了 57.8 万枚 $UNI ($8.45M)。 USV 从 12/6 开始将 2020 年通过投资获得的 UNI 转移至 Coinbase Prime，目前在三周时间里累计转移了 351.1 万枚 UNI ($54.56M)，均价 $15.53。 现在 USV 地址还持有的 UNI 数量为 1036.4 万枚 ($149.66M)。… https://t.co/ULpXyrgLJb pic.twitter.com/o9uqdyj7Pd — 余烬 (@EmberCN) December 25, 2024 Meanwhile, Grayscale’s DeFi Investment Fund, established in 2021, has also turned its attention to $UNI. The fund has recently begun promoting its holdings, which currently include tokens worth $6.7 million. Of this, a significant 57%—approximately $4 million—is allocated to $UNI, underscoring the growing institutional confidence in the token’s potential. 灰度的这支defi 投资基金 是21年的时候就建立了，直到最近开始推广这只基金股，目前管理价值670万美元的token，其中57％的资金是购买 $UNI 大概400万美元的代币！ 后续一定会稳步增长，看好DEFI就买 $UNI 就对了！ pic.twitter.com/J4RKLrzZ9r — 以太坊老张.eth (@ytflzyyds) December 24, 2024 These developments signal a bullish outlook for $UNI, as major players like USV and Grayscale continue to show strong interest. The consistent activity from institutional investors highlights the token’s prominence within the DeFi space and suggests that $UNI is poised for steady growth in the near future. This rising institutional engagement could serve as a catalyst for further adoption and price appreciation. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !