Whale Alert: 9 Million UNI Tokens Moved to Coinbase Prime Amid Price Rally

A significant transaction involving 9 million UNI tokens, worth nearly $54 million, has been transferred to Coinbase Prime, sparking speculation about potential market volatility. The Uniswap (UNI) price has rallied 12.8% this week, currently trading around $5.92. The large transfer, possibly linked to the Uniswap team, an investor, or an advisor, has raised eyebrows in the crypto community. Such movements often precede increased price fluctuations, prompting traders to monitor the situation closely. Below is a detailed summary of the event and its implications for the market.

Uniswap Whale Transfers 9 Million UNI to Coinbase Prime, Potential Volatility Ahead

Uniswap (UNI) price is currently hovering around $5.92, marking a 12.8% rally this week. A significant transaction involving 9 million UNI tokens, worth nearly $54 million, was moved to Coinbase Prime by an address potentially linked to the Uniswap team, an investor, or an advisor. Such large transfers often precede increased market volatility, prompting traders to exercise caution. The movement was reported by Wu Blockchain, highlighting the potential impact on UNI’s price stability.

Cryptocurrencies Price Prediction: Solana, Uniswap & Ethereum — Asian Wrap 24 April

Solana (SOL) price slid below $150 to trade at $148 on Thursday, reversing gains from the previous day when it reached $154 amid improving market sentiment. The pullback coincides with DeFi Dev Corp’s purchase of 65,305 SOL, signaling continued institutional interest. Meanwhile, Uniswap (UNI) rallied 12.8% this week to $5.92, but traders are on alert after a whale address—potentially linked to the Uniswap team or an advisor—moved 9 million UNI to Coinbase Prime, a move that often precedes market volatility.

Ethereum’s Pectra Upgrade Set for May 2025 with Smart Accounts and L2 Scaling

Ethereum CORE developer Tim Beiko has confirmed the mainnet launch of the Pectra upgrade for May 7, 2025, following a brief delay to resolve testnet technical issues. The upgrade, targeting epoch 364032, represents Ethereum’s most significant network improvement to date.

Pectra introduces EIP-7702, a transformative proposal enabling smart contract functionality for externally owned accounts. This innovation promises enhanced user experience and security while advancing Layer 2 scaling solutions. Coinbase has initiated preparatory work to ensure seamless integration post-launch.

The deliberate delay underscores Ethereum’s institutional-grade approach to network upgrades, prioritizing stability over arbitrary timelines. Market observers anticipate Pectra will solidify ETH’s position as the leading smart contract platform amidst growing institutional adoption.

Coinbase Expands with New Charlotte Office to Strengthen Compliance and Support

Coinbase, the leading U.S.-based cryptocurrency exchange, is fortifying its operational infrastructure with a new office in Charlotte, North Carolina. The expansion underscores the firm’s commitment to scaling compliance capabilities and enhancing customer support amid growing regulatory scrutiny.

The Charlotte hub will create over 130 specialized roles, positioning Coinbase as a nexus for fintech talent. Compliance and support teams will anchor the location, reflecting heightened industry emphasis on regulatory adherence.