According to Odaily Planet Daily, based on monitoring by on-chain analyst Yu Jin, after Uniswap's founder announced the proposal to enable a transaction fee switch, a UNI investment institution (possibly a Variant Fund) transferred 2.818 million UNI tokens (worth $27.08 million) to Coinbase Prime. Subsequently, a large amount of UNI was dispersed from Coinbase Prime to centralized exchanges such as Binance, OKX, and Bybit.