According to @EmberCN, 200,000 ENS (~$4.46M) moved about two hours prior from the ENS timelock contract to wallets labeled as Binance and Galaxy Digital, signaling a notable exchange inflow event for ENS liquidity, Source: @EmberCN on X. Arkham Intelligence shows transfers from address 0xd7A029Db2585553978190dB5E85eC724Aa4dF23f with recipient entities labeled as Binance and Galaxy Digital, corroborating the movement and counterparties, Source: Arkham Intelligence intel.arkm.com/explorer/address/0xd7A029Db2585553978190dB5E85eC724Aa4dF23f. Traders typically monitor exchange-bound inflows because assets sent to exchange deposit addresses become readily tradable and can influence near-term order book liquidity, Source: Binance Academy — A Beginner’s Guide to On-Chain Analysis academy.binance.com/en/articles/a-beginners-guide-to-on-chain-analysis.

According to EmberCN, 2.5 million UNI tokens, valued at $15.31 million, have been transferred to Binance in the past 8 hours. This is part of the 27.9 million UNI tokens unlocked from Uniswap's timelock contract eight days ago. So far, 3.74 million UNI tokens, worth $23.53 million, have been moved to Binance in the last two days. Since the transfer began, UNI's price has decreased by 10%, from $6.8 to $6.1, indicating potential price pressure from increased supply on the exchange.