Amber Group Transfers $10.98M in UNI to Coinbase Prime: Potential Custody Move or Market Strategy?

A wallet associated with the crypto trading firm Amber Group has recently accumulated a significant amount of Uniswap (UNI) tokens, exceeding 1.41 million worth approximately $11 million. This accumulation was followed by a large transfer of 1.39 million UNI to Coinbase Prime just an hour ago. This move raises questions about its purpose: secure storage or potential market trading activity? 10.98M of UNI were moved, which is a notable and unusual transaction for the platform.