According to on-chain analytics firm Hupzy (formerly Spot On Chain), an address believed to belong to an institution, which made a profit of $124 million from ETH sales in early September, recently withdrew 3.125 million UNI (approximately $24.2 million) from an exchange and moved it to two newly created self-custody wallets. Typically, withdrawals from exchanges are interpreted as being for holding purposes. The average purchase price is $7.7.
