Data: Uniswap time lock contract released 27.9 million UNI, part of which has been transferred to exchanges

ChainCatcher news reports that, according to Ember monitoring, the Uniswap time lock contract released 27.9 million UNI (approximately $192 million) to two addresses 5 days ago. Among them, 750,000 UNI (approximately $5.02 million) was transferred to Binance exchange 6 hours ago.

Such large amounts of unlocked tokens entering exchanges usually indicate potential selling pressure. The current circulating supply of UNI is approximately 740 million, and this release accounts for 3.77% of that. The Uniswap Foundation previously stated that these unlocked funds are primarily used for ecological development and community incentives.