Uniswap

Uniswap Finance

<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt; <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><h2 id="header-1"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1cb2f3e82921443b8c352ab2479609d5.png" /><p></p><h2 id="header-2"></h2><p><em>DEX protocol Uniswap (UNI) might soon start its correction as a potential selloff by the team is dampening sentiment on its 75% rally</em></p><h2 id="header-3">STORY HIGHLIGHTS</h2><ul><li><strong>Uniswap whales might be taking profit after its weekly growth of more than 75%</strong></li><li><strong>Per on-chain data, some of these whales might be connected to the team</strong></li><li><strong>Crypto world remains unstable with unforeseen price swings</strong></li></ul><p>It appears that the exciting Uniswap (UNI) rally may be elapsing as some wallets have been seen selling out their holdings.</p><h2 id="header-4"><strong>Uniswap Soars With Likely Profit Taking Underway</strong></h2><p>According to data from blockchain analytics firm Lookonchain, a Uniswap team wallet sold off a total of 90,000 UNI tokens for approximately 1.03 million USDC at $11.48 per unit. Notably, this was after the price of the UNI token increased by more than 76% over the past week.</p><p>Before this time, the wallet had received up to 5.44 million UNI which would have been valued at about $60.8 million based on the current price of UNI at $11.18. However, there are only about 926,000 UNI left in the wallet and this is worth only around $10.5 million.</p><blockquote><em>A #Uniswap Team/Investor/Advisor wallet sold 90,000 $UNI for 1.03M $USDC at $11.48 after the price of $UNI increased.The wallet received 5.44M $UNI($62.46M currently) and currently holds 926K $UNI($10.63M).https://t.co/KeUS01V54g pic.twitter.com/SaCDjfnnf8— Lookonchain (&#64;lookonchain) February 24, 2024</em></blockquote><p>Since December last year, UNI has held up strong with a price rally which continued into the new year. In December alone, the token registered up to a 50% increase that ended up pushing its price towards the $10 mark. At the time, it was said that UNI had no prominent resistance in its immediate path, hence the possibility of hitting $10 was seen as achievable.</p><p>The focus was therefore to get UNI toward its next significant target of $11.283. The Uniswap rally has remained consistent in the last few weeks, especially with the announcement of the upcoming Ethereum’s Dencun upgrade. Similarly, the trading volume for UNI has also demonstrated a substantial rise by more than 60% to cross the $2 billion benchmark.</p><h2 id="header-5">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt; <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><h2 id="header-6"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/726bba5284d24ba6847b8b253e589eb1.png" /><p></p><h2 id="header-7"><strong>DeFi Protocols Feeling the Ripple Effect of UNI Rally</strong></h2><p>On one hand, the Uniswap rally has contributed to a Decentralized Finance (DeFi) boom across several protocols. Particularly, on-chain data provider Santiment highlighted a shift in focus from the Artificial Intelligence (AI) craze to the burgeoning DeFi sector. UNI’s rally triggered a ripple effect which equated to an increase in value in assets like $COMP, $SUSHI, and $AAVE.</p><p>Trading volumes across these DeFi protocols have also experienced a surge in the values. For instance, a few days ago COMP’s price was seen to go high with its trading volumes shooting up 411% to more than $175 million. The same was seen for the SushiSwap (SUSHI) price which surged by 27% while the trading volumes shot up by a staggering 153%.</p><p>The recent transfer of UNI by the Uniswap team is not certain to mean a selloff but it is obvious that the rally of the token has contributed significantly to a likely push to take profit and a correction in the near term cannot be ruled out.</p><h2 id="header-8">Cryptos Headlines Token Airdrop Is Live, Claim your 5,000 CHT tokens for free $50 On Official Website &gt;<a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow"> CryptosHeadlinesToken.com</a></h2><p>#Uniswap  #UNI  #Bitcoin  #Altcoin  #Cryptocurrency</p>

Uniswap (UNI) 76% Mega Rally Might Be Over Amid Likely Team Selloff

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