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Uniswap Whales Bought $75 Million Worth of UNI in Last 2 Weeks; What Does It Signal?

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According to the cryptanalytic agency Saint, the largest UNI holders have increased their holdings by more than 10 million UNI in the past 16 days. We are talking about addresses containing from 10,000 to 1 million coins. During this period, token price showed an increase of 25%. At the same time, the UNI price lagging behind the historical maximum of $45 is 542.11%.

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The total combined value of all UNIs purchased by these whales is nearly $75 million. For comparison, according to CoinMarketCap, the circulating supply of the token is 734 million UNI. Thus, it can be said that the largest whales have acquired 1.5% of the total circulating volume of UNI in the last two weeks alone.

Whale Motivation at Uniswap (UNI)

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It is not hard to see what motivated the whales to further increase their exposure to UNI. Beyond what Uniswap was and still is largest DEX based on Ethereumtrading volumes on the platform already account for 50% of those on one of the three largest centralized exchanges, Coinbase.

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At the same time, Uniswap does not stop at cryptocurrency trading and is already take serious steps in the NFT space. From the purchase of Genie to the ongoing integration of Sudoswap into their platform, Uniswap is gearing up to introduce a complete NFT asset trading solution this fall.



Credit : u.today

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