Five addresses have cumulatively transferred out approximately 3.102 million UNI from Coinbase.

Five addresses withdrew a combined 3.102 million UNI tokens, worth roughly $20.78 million, from Coinbase over about seven hours on November 11. Four of the transfers originated from Coinbase Prime hot wallets and one from Coinbase Prime Custody, according to on-chain monitoring by Ai Yi. The scale of the withdrawal matters because large exchange outflows can signal accumulation by institutional or whale holders rather than near-term selling intent. With roughly $6.70 implied per token, traders will watch whether the receiving addresses hold, stake, or move the UNI to other venues, and whether further Coinbase Prime outflows follow.