On-chain analyst ai_9684xtpa reported via X that an anonymous whale (starting with 0xb5E) deposited 1,397,000 UNI ($4.6 million) to three exchanges two hours ago. Exchange deposits are usually interpreted as being for the purpose of selling. Among these, the Bybit address was found to be associated with the DeFi fund Defiance Capital. ai_9684xtpa added that "Defiance Capital is an investor in Aave (AAVE) and LayerZero (ZRO), and one of the key parties involved in the recent KelpDAO exploit incident."
