Sell Alert on Altcoin That Surged 370 Percent: Massive Inflows of Tokens to Binance
Photo: Bitcoin Sistemi
In his assessment published today, crypto analyst Darkfost pointed out the pressure on the price of Uniswap's UNI token from assets flowing into exchanges. According to the analyst, UNI is going through a distribution period after a strong upward trend. According to the data, the altcoin has risen by approximately 370 percent from its June lows. Uniswap's locked asset value exceeded $4 billion in September, while the decentralized exchange's trading volume reached $93.6 billion. In contrast, the UNI price has fallen by over 30% from its recent peak of $10.90.
Source: Bitcoin Sistemi
