On-chain analyst Ember reported on Aug. 14 that about 3.72 million UNI, worth roughly $12.63 million, was transferred to centralized exchanges through market maker Cumberland over the past 23 hours. The tokens were sent to platforms including Binance, Coinbase, OKX and Bybit. Over the same period, UNI fell from $3.59 to $3.22, a decline of about 10%. The update links a sizable exchange inflow with a period of price weakness, based on the monitored on-chain activity cited by BlockBeats.
BlockBeats reported on Aug. 14 that, according to monitoring by on-chain analyst Ember, about 3.72 million UNI worth roughly $12.63 million was transferred to exchanges through market maker Cumberland over the past 23 hours.
The transfers went to trading platforms including Binance, Coinbase, OKX and Bybit. During the same period, UNI fell from $3.59 to $3.22, a drop of about 10%.
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