Uniswap time lock contract releases 27.9 million UNI, some of which have been transferred to the exchange

Odaily Planet Daily reported that according to monitoring by Ashes, the Uniswap time lock contract released 27.9 million UNI (approximately 192 million US dollars) to two addresses five days ago. Among them, 750000 UNI (approximately 5.02 million US dollars) were transferred to the Binance exchange 6 hours ago. The analysis by Yu Jin pointed out that the entry of such large unlocking tokens into exchanges usually indicates potential selling pressure. The current circulation of UNI is about 740 million pieces, with this release accounting for 3.77%. The Uniswap Foundation previously stated that such unlocking funds are mainly used for ecological development and community incentives.