Trend Research, associated with Led Capital, has reportedly transferred $11.53 million worth of UNI and COMP tokens to a Binance deposit address linked to IOSG Ventures. The transfer involved 2.7 million UNI and 114,000 COMP tokens from wallet address 0xfa9...FEB58. This move marks the first significant activity from this address in a month, with the purpose of the transfer remaining unclear.
The UNI tokens were originally acquired at $9.52, and selling them now would result in a $16.54 million loss. Similarly, the COMP tokens were purchased at $49.34, potentially incurring a $3.33 million loss if sold. The transaction has raised questions about potential liquidation strategies by Trend Research.
Trend Research Transfers $11.53M in UNI and COMP to Binance
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