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Whale sighting! Methuselah Foundation suspected of dumping 11.9 thousand UNI, triggering speculation about the underlying signal?
2 hours ago, a wallet dumped 119,000 UNI at an average price of $15, exchanging for approximately 1,787,700 USDC, causing a stir in the market. What's more interesting is that this wallet is suspected to be associated with the Methuselah Foundation - an organization long referred to as the mysterious Whale in the crypto space.
4 years ago, the wallet received 886,507 UNI tokens, with a total value of up to 5.82 million US dollars at the time. Now, this 'whale' still holds 400,000 UNI tokens, with a current estimated value of about 6 million US dollars. But is this wave of dumping just a portfolio adjustment, or is it setting the stage for the next move?