UNI tokens saw a significant influx into exchanges following a surge in prices driven by a proposed buyback and burn initiative. On November 12, on-chain analyst Yu Jin reported that after UNI's price was pushed to $10 due to the proposal, at least 14.18 million UNI tokens, valued at approximately $130 million, were transferred to exchanges. This movement contributed to a price decline, bringing UNI back down to around $8.