skip to Main Content
bitcoin
Bitcoin (BTC) $ 76,917.61 1.99%
ethereum
Ethereum (ETH) $ 1,463.10 6.01%
tether
Tether (USDT) $ 0.999542 0.02%
xrp
XRP (XRP) $ 1.83 3.16%
bnb
BNB (BNB) $ 550.24 0.61%
usd-coin
USDC (USDC) $ 1.00 0.01%
solana
Solana (SOL) $ 103.45 2.52%
tron
TRON (TRX) $ 0.230629 1.11%
dogecoin
Dogecoin (DOGE) $ 0.14362 2.93%
cardano
Cardano (ADA) $ 0.565378 1.73%

Early Uniswap Whale Sold $1M Worth of UNI as Price Surged

  • The wallet may be related to a Uniswap investor or team member, according to Lookonchain.

  • The wallet still holds $10.6 million worth of tokens after selling almost 9% of its stash.

  • Uniswap is now trading at $10.40, down 19% from Friday’s high.

A wallet that received 5.44 million uniswap (UNI) tokens in 2020 sold 90,000 of them for $1.03 million during Friday’s 60% surge to $12.80.

Blockchain analytics firm Lookonchain said the wallet may be an early Uniswap investor or a member of the team.

Uniswap is a decentralized exchange (DEX) that launched in 2018. It distributed UNI, a governance token, in the form of an airdrop to early adopters in 2020.

The token jumped Friday following the submission of a governance proposal that suggested rewarding holders who have staked or delegated their UNI tokens.

The wallet in question still holds 926,000 UNI tokens, worth $10.6 million, after selling almost 9% of the stash on Friday. The sale marked the top of UNI’s surge. The price subsequently slid back. It rose 0.8% on Monday to $10.40, down 19% from Friday’s high, while the broad CD20 gauge barely moved.

Uniswap’s governance proposal prompted Frax Finance, a separate decentralized finance protocol, to submit a similar proposal on Monday. The frax shares token (FXS) initially rose by 16% on the news.

Edited by Sheldon Reback.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top