On-chain analyst ai_9684xtpa reported via X that an anonymous whale (starting with 0xb5E) deposited 1.397 million UNI ($4.6 million) to three exchanges two hours ago. Deposits to exchanges are typically interpreted as being for the purpose of selling. Among these, the Bybit address was found to be associated with the DeFi fund Defiance Capital. ai_9684xtpa added, "Defiance Capital is an investor in Aave (AAVE) and LayerZero (ZRO), and was one of the key parties involved in the recent KelpDAO exploit incident."
