Add as a preferred source on GooglePolymarket-Linked Wallet Moves $13.18 Million in UNI to Binance
The wallet transferred 1.793 million UNI after withdrawing the tokens from Venus, with a potential $3.17 million loss if sold at the reported value.
A wallet linked to Polymarket user web3vc transferred 1.793 million Uniswap (UNI) tokens valued at about $13.18 million to Binance on Friday, a move that puts a large position near a major trading venue.
The wallet withdrew the tokens from Venus before sending them to Binance. The transfer occurred around 10:30 p.m. ET (02:30 UTC) on Oct. 9, based on the reported timing.
Selling the full position at the reported value would result in an estimated loss of about $3.17 million. The wallet previously acquired the UNI at an average price of roughly $9.12 and moved the tokens from Binance to the BNB Smart Chain before depositing them into Venus.
The transfer does not confirm that a sale has occurred. It does, however, place the tokens on an exchange where they can be traded.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.