Hashkey Capital Unloads 1M UNI on Binance Amid Rebound

Hashkey Capital, a financial institution, has moved 1 million UNI tokens worth approximately $6.4 million to Binance in a single transaction.

This transfer comes after earlier accumulation of UNI by Hashkey's linked wallet, which included a purchase of 676,874 UNI tokens from the exchange at an average price of $6.32.

Some observers have noted that the timing of this deposit suggests address reorganization rather than outright selling, consistent with patterns observed in large exchange deposits for Uniswap tokens over the past year.

UNI has already rebounded by 98% from its monthly low due to increased interest and investment following Robinhood's listing of the token.