Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to crypto analytics agency Santiment, the largest UNI holders have increased their holdings by more than 10 million UNI in the last 16 days. The talk is about addresses holding between 10,000 and 1 million coins. During this period, the price of the token showed an increase of 25%. At the same time, the lag of the UNI price from its historic maximum value of $45 is 542.11%.
The total combined value of all UNI purchased by these whales is nearly $75 million. For comparison, the circulating supply of the token is 734 million UNI, according to CoinMarketCap. Thus, we can say that the largest whales acquired 1.5% of the total circulating volume of UNI in just the last two weeks.
Whales' motivation on Uniswap (UNI)
It is not hard to understand what motivated the whales to increase their exposure to UNI even more. In addition to the fact that Uniswap has been and continues to be the largest Ethereum-based DEX, trading volumes on the platform are already 50% of the same volumes on one of the three largest centralized exchanges, Coinbase.
At the same time, Uniswap does not stop at cryptocurrency trading and is already taking serious steps in the NFT space. From the purchase of Genie to the current integration of Sudoswap into its platform, Uniswap is preparing to introduce a full-fledged NFT asset trading solution this fall.
Yuri Molchan
Denys Serhiichuk
Dan Burgin
Alex Dovbnya
Vladislav Sopov