UNI Whales Accumulate 3.629 Million Tokens as Unification Proposal Initiates Fee Switch, Coinbase Withdrawals Realize $740K Profit

Unification proposal initiating the fee switch for UNI was submitted, according to on-chain analytics. The move could affect governance and staking dynamics as markets monitor the outcome of the proposal and its potential impact on transaction economics.

In parallel, an active whale or institutional holder that previously staked UNI has continued accumulation. In the last six hours, the address withdrew 2,179,487 UNI from Coinbase, valued at about $12.68 million. The balance now stands at roughly 3.629 million tokens (about $20.02 million), with an average withdrawal price near $5.51 and a realized profit around $740,000. Some observers note the address may be Coinbase-controlled or wallet-managed rather than a direct corporate stake.

As liquidity and governance signals unfold, investors should watch for further on-chain flows and official updates on the Unification proposal and exchange participation, which could influence UNI price action and liquidity incentives.