Whales Accumulate UNI Amidst Market Volatility: A Deeper Look into Uniswap

Uniswap (UNI) has been one of the most dominant Decentralized Exchanges (DEXs) in the DeFi sector for the last couple of years. Despite its growing dominance, its token has seen large price fluctuations, falling victim to the ebbs and flows of the crypto market. Whales Flock to UNI However, UNI might also experience a surge in its price due to recent whale activity. According to Lookonchain, a significant whale deposited 2.57 million Tether (USDT) into Binance (BNB), and subsequently, approximately 467,825 UNI tokens worth around $2.48 million were withdrawn. This interest by whales could positively reflect on UNI’s price. As of writing time, UNI was trading at $5.44, a 50% increase after testing the $3.61 support level on June 10. The token price surpassed previous lower peaks indicated by the previous bearish price movement from the $3.613 level. A large part of this price surge can be attributed to the […] The post Whales Accumulate UNI Amidst Market Volatility: A Deeper Look into Uniswap appeared first on COINTURK NEWS.