TechFlow reports that on March 28, according to on-chain analyst EmberCN (@EmberCN), approximately 490,000 UNI (worth about $3.2 million) of the 27.9 million UNI tokens unlocked on March 21 from the Uniswap timelock contract flowed into Binance within nearly five hours.
In the past 24 hours, this batch of unlocked funds has transferred a total of 1.24 million UNI (approximately $8.22 million) to Binance. During this period, the UNI price dropped from $6.8 to $6.3, a decline of about 6.5%.
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