Coinbase Institutional Move Fails to Halt UNI’s Decline Amid Market Skepticism

Despite a strategic transfer of $47.5 million worth of UNI tokens to Coinbase Prime, Uniswap’s native token continues to face a sell-off, dropping 2.7% in the past 24 hours. The crypto community remains bearish as four separate wallets deposited $60.99 million in UNI to Coinbase’s institutional platform over six days, sparking debates about the long-term implications of these moves.

Uniswap’s UNI Token Faces Sell-Off Despite Coinbase Institutional Move

Uniswap’s UNI token continues its downward trajectory, dropping 2.7% in the past 24 hours despite the team’s strategic transfer of $47.5 million worth of UNI to Coinbase Prime. market sentiment remains bearish as holders question the move’s long-term value.

Four separate wallets have deposited $60.99 million in UNI to Coinbase’s institutional platform over six days. The crypto community interprets these transfers as potential preparation for liquidation rather than a bullish signal, triggering increased selling pressure.

Coinbase Prime typically serves as a gateway for institutional capital, but current market conditions show retail investors fleeing UNI positions. The disconnect between institutional infrastructure development and retail confidence highlights ongoing volatility in decentralized finance tokens.

Crypto-Linked Stocks Defy Market Slump as Bitcoin Rally Sparks Rebound

Bitcoin-correlated equities surged while traditional markets faltered, with Coinbase Global Inc., CleanSpark Inc., and Michael Saylor’s MicroStrategy outpacing tech peers amid a 13% BTC price surge. The divergence reignited debates about crypto’s role as a potential hedge during equity volatility.

"The spot price is the primary catalyst," observed Keefe Bruyette & Woods analyst Bill Papanastasiou, noting how battered mining stocks Leveraged Bitcoin’s upward move for asymmetric gains. Crypto equities typically exhibit amplified beta to underlying token movements.

Despite the rally, significant segments of the crypto equity universe remain below pre-downturn levels. The advance comes as institutional traders increasingly treat Bitcoin as a macro asset, with Coinbase serving as a liquid proxy for directional bets.