According to on-chain analyst Ember Monitoring, after Variant Fund sold UNI, another Uniswap investment institution started selling UNI: USV transferred 473,000 UNI ($7.68 million) into Coinbase Prime half an hour ago. USV received 15.28 million UNI allocations through investments in 2020, and they still hold 12.78 million UNI ($204 million).