Uniswap Experiences Price Drop Amidst Whale Activity
Over the past 24 hours, Uniswap (UNI) has seen a 5% decline in its price, falling to $10.9. This downturn contrasts sharply with the coin’s performance over the last week, during which it surged by 44%, climbing from $7 to a high of $11.7. The recent price decrease coincides with significant onchain activity. Notably, a whale or institutional investor has been withdrawing substantial amounts of Uniswap and Aave tokens from Binance. Over the past 24 hours, this entity has withdrawn 173,705 UNI (valued at $2 million) and 18,566 AAVE (worth $2.02 million). https://twitter.com/lookonchain/status/1794774286445789505?t=wMzUem8RLr7Ztm_5HmRSAQ&s=19 This activity is part of a larger pattern observed over the past three days. During this period, the whale has purchased a total of $28.75 million in Ethereum ecosystem tokens from Binance, including: - 4.04 million LDO ($9.3 million) - 858,069 UNI ($8.7 million) - 71,190 AAVE […]
