Uniswap

Giant

Onchain data witnessed a whale having an impressive impact on the price of an altcoin today. 
According to data provided by Lookonchain, within two hours, a cryptocurrency whale sold a total of $7.08 million worth of UniSwap (UNI) tokens, causing the UNI price to lose approximately 4% of its value. This depreciation shows itself strikingly on the UNI chart. 
The cryptocurrency whale in question bought these UNI tokens for an average of $10.54 by paying $13.7 million. At the time of writing this article, UNI price is trading at $10.46. 
<figure id="attachment_144875" aria-describedby="caption-attachment-144875" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-144875" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/06/UNIUSDT_2024-06-06_23-11-47.png" alt="" width="1342" height="792">
 <figcaption id="caption-attachment-144875" class="wp-caption-text">
 Graph showing the decline in the UNI price.
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</figure> 
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Despite selling a large amount, the giant whale still has 969,808 UNI tokens worth $ 7.46 million. The amount of profit made by the whale, who accumulated these tokens in 3 different wallets, from the last sales is around 800 thousand dollars. 
Uniswap wants to introduce a fee switch mechanism soon, and this mechanism, which has received great support from the community, will transfer some of the transaction fees on the platform to UNI token holders. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/giant-whale-dumped-this-altcoin-chart-shows-sudden-drop/">Giant Whale Dumped This Altcoin: Chart Shows Sudden Drop</a>

Giant Whale Dumped This Altcoin: Chart Shows Sudden Drop

Bitcoin Sistemi EN

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