Uniswap Whale Dumps 1M UNI, Sparking Market Interest
Photo: Coinfomania
A whale has dumped 1M UNI tokens, raising concerns among traders. Here's what this means for Uniswap's future. This sell-off is linked to past UNI rewards from the Timelock wallet. A whale has recently offloaded 1 million UNI tokens, valued at approximately $7.32 million. This significant sell-off occurred over the past two days and has caught the attention of traders and analysts alike. According to a tweet from crypto commentator @lookonchain, the whale previously received 20.32 million UNI tokens from the Uniswap Timelock wallet, which raises questions about potential market impacts moving forward.
Source: Coinfomania
