Wallet 0xc19 (likely an investor or the project) just deposited 550,860 UMA ($2.2M) to Coinbase Prime at $3.988 after 1.25 years of dormancy:

• transaction: 0xe66f50d56a913b57a420596e9893528f2c4582495ff776d2b0153a93b27ac30e
• address: 0xc19b1ac01eb8c9d75b996b030110353c8f09d1af

Notably, the wallet belongs to a network of several wallets that received UMA from the "UMA: Deployer" wallet and deposited the tokens to Coinbase whenever the price rose:

• received 6M UMA from the deployer's wallet at $0.304 ($1.82M) on January 10, 2020;
• further withdrew 350,864 UMA from Coinbase at $1.715 on average (estimated cost: $602K) on December 3 and 31, 2022;
• has deposited 1.351M UMA to Coinbase at $12.79 on average ($17.27M) via 6 transactions since February 14, 2021;
• transferred the remaining UMA to a new wallet after each deposit, with the latest holding wallet being 0xb0adbf157e33f7c79562ae06c5beccf081bb0f52, which now holds 5M UMA ($19.7M).

Fig 1. Wallet 0xc19 (likely an investor or the project) has deposited 1.351M UMA ($17.27M) to Coinbase since February 14, 2021.