Amber Group Withdraws 358,000 UNI, Signals Binance Liquidity

Amber Group executed a large UNI token withdrawal from Binance, moving 358,000 UNI (≈$3.81 M) at an average price of $10.64. This first major UNI withdrawal in over a year generated around $230,000 in unrealised gains as market prices rose. On-chain analysis by @ai_9684xtpa shows the tokens were sent to private wallets, including a new address (0xeB4…CD0E5), suggesting liquidity management, self-custody measures, or potential OTC deals. Traders should note this UNI token withdrawal reduces Binance liquidity and can influence market sentiment and price dynamics, while transparent on-chain data allows the community to track institutional asset flows.
Bullish
A large UNI token withdrawal by a major market maker reduces circulating supply on exchanges and signals institutional confidence, supporting a bullish outlook. In the short term, lower Binance liquidity can tighten sell-side pressure and drive prices higher. Over the long term, strategic self-custody or OTC positioning by Amber Group indicates sustained holding intentions, reinforcing positive sentiment and potential upside for UNI.