Uniswap

Foundation

Tellor

<div class="dailyhodl">
 On-chain data shows the firm behind Ethereum’s (ETH) biggest decentralized exchange Uniswap (UNI) is sending over $40 million worth of assets to several crypto exchanges.
 First spotted by blockchain tracking firm Lookonchain, the Uniswap Foundation suddenly moved millions of UNI tokens over the last week to crypto exchanges OKX, Kraken and FalconX.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 “Uniswap Foundation has transferred out a total of 9.8 million UNI ($40.66 million) in the past six days.
 3.4 million UNI($14.1 million) was deposited to OKX;
 3 million UNI ($12.45 million) was deposited to Kraken;
 3.4 million UNI ($14.1 million) was transferred to FalconX.”
 Since the UNI stacks were sent to crypto exchanges, they could be potentially sold on the open market.
 Last week, Lookonchain reported that the Uniswap Foundation relocated millions of UNI tokens to Kraken.
 “Note that Uniswap Foundation transferred 6.8 million UNI ($29.16 million) to a new address and FalconX…
 Uniswap Foundation dumped 3 million UNI ($13 million) via the Kraken deposit address of Wintermute after UNI rose.”
 The Uniswap Foundation’s movement of its UNI troves came as the decentralized exchange governance token rallied from a low of $3.89 last week.
 At time of writing, UNI is trading for $4.22.
 Lookonchain also has its radar on the decentralized oracle Tellor (TRB). According to the blockchain-monitoring firm, whales accumulated large bags of TRB early this week as its price went vertical.
 “Whales accumulate TRB again!
 2 whales have withdrawn 27,405 TRB ($3.18 million) from Binance…
 And the price of TRB increased 15% today.”
 At time of writing, TRB is worth $119.43, up over 18% in the last 24 hours.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/uniswap-foundation-transfers-over-40-000-000-worth-of-uni-to-kraken-okx-and-falconx-lookonchain-tbt68456.html">https://thebittimes.com/uniswap-foundation-transfers-over-40-000-000-worth-of-uni-to-kraken-okx-and-falconx-lookonchain-tbt68456.html</a>

Uniswap Foundation Transfers Over $40,000,000 Worth of UNI to Kraken, OKX and FalconX: Lookonchain

TheBitTimes

Other articles published on Oct 31, 2023

Core Scientific Targets Year-End Chapter 11 Exit With $410 Million in Notes

As Anti-AI Theft Tools Surface, How Is the Ethical Fabric Altered?

Revolut expands its crypto offer up to over 120 tokens and brings a new course focusing on Axelar

FTX Transfers $150M In Assets, Including Ethereum And Solana, Amid Bankruptcy

eCash Monthly Recap - October 2023

What is Address Poisoning in Crypto?

Join our free newsletter for daily crypto updates!