Data: An institutional address withdrew UNI tokens worth $4.73 million from CEX today

According to ChainCatcher, on-chain analyst Yu Jin monitored that one month ago, after the Uniswap founder released the "fee and burn proposal" which caused UNI to surge by 46%, an institutional address transferred 2.818 million UNI ($27.08 million) into a CEX at a price of $9.6. Four hours ago today, this address withdrew 823,000 UNI ($4.73 million) from an exchange.

Is this a case of selling high and buying low? The price when they transferred into the CEX last time was $9.6. Now, the increase driven by the "fee and burn proposal" has long since fallen back, and the price at the time of today's withdrawal was $5.7.