Uniswap

Foundation

<ul class="news-points"> 
 <li>Uniswap Foundation moved out $43.3 million worth of UNI tokens in three days.</li> 
 <li>The foundation allegedly sold $13 million in UNI after notable gains in the coin.</li> 
 <li>The foundation has barely moved substantial UNI tokens in the past two years.</li> 
</ul> 
Uniswap Foundation, the team responsible for supporting the <a href="https://coinedition.com/uniswap-uni-price-prediction/" target="_blank" rel="noreferrer noopener">Uniswap (UNI)</a> protocol and ecosystem, has come under scrutiny recently amid the foundation’s massive sale of the ecosystem’s native tokens. 
In a recent post on the X (formerly Twitter), the renowned on-chain resource Lookonchain disclosed that the Uniswap Foundation moved 6.8 million UNI tokens worth $29.16 million to a new wallet. The team also moved parts of the UNI coins to FalconX, a crypto brokerage and digital asset trading platform. 
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 Note that <a href="https://twitter.com/hashtag/Uniswap?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Uniswap</a> Foundation transferred 6.8M <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$UNI</a>($29.16M) to a new address and <a href="https://twitter.com/hashtag/FalconX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FalconX</a> 30 minutes ago. Uniswap Foundation dumped 3M <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$UNI</a> ($13M) via <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Kraken</a> deposit address of <a href="https://twitter.com/hashtag/Wintermute?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Wintermute</a> yesterday after <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$UNI</a> rose. Watch for another sell-off!<a href="https://t.co/KFGHYCc6wu" target="_blank" rel="nofollow">https://t.co/KFGHYCc6wu</a> <a href="https://t.co/IcBry2RlhB" target="_blank" rel="nofollow">pic.twitter.com/IcBry2RlhB</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1717019361926644166?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 25, 2023</a>
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Furthermore, Lookonchain noted that the Uniswap Foundation sold off three million un…
The post <a rel="nofollow" href="https://coinedition.com/uniswap-foundation-sells-off-43m-worth-of-uni-tokens-in-three-days/">Uniswap Foundation Sells Off $43M Worth of UNI Tokens in Three Days</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Uniswap Foundation Sells Off $43M Worth of UNI Tokens in Three Days

Coin Edition

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