📰 The smart money that bet on UNI in September may be getting ready to take profits. Two hours ago, the on-chain address 0xf7A…147AB deposited all 654,288 UNI into Coinbase, worth about $5.96 million based on the estimated value.

🔥 This batch of UNI had an average cost basis of $7.16, with purchases made between September 3 and October 1. If sold, it would yield an estimated profit of about $1.27 million in a month, a return of over 27.23%.

Honestly, taking profits after earning that much in a month would be perfectly understandable. What’s a little unnerving is the “full deposit” move: this wasn’t a small test transfer, but the entire position being sent to an exchange at once.

👀 However, depositing UNI to Coinbase only shows that the tokens entered the exchange; it doesn’t necessarily mean they’ve been sold. For now, the most accurate description is still “possibly taking profits”—there’s no evidence outside the blockchain confirming that a sale has actually taken place.

🤔 If you also hold UNI and saw this smart money deposit its entire position into an exchange, would you reduce your holdings to lock in profits, or wait for confirmation of a sale before deciding?

Original link: https://x.com/ai_9684xtpa/status/2107266900443176977

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