Uniswap Team Wallet Deposits 1.19M UNI To Coinbase Prime Amid Price Fluctuations
The post Uniswap Team Wallet Deposits 1.19M UNI To Coinbase Prime Amid Price Fluctuations appeared on BitcoinEthereumNews.com.
A significant move by a Uniswap team, investor, or advisor wallet, identified as 0x63b, saw the deposit of 1.19 million UNI tokens, valued at $9.15 million, to Coinbase Prime today. This wallet had previously received 9 million UNI from Uniswap on September 17, 2020, when the token was priced at $3.44. Since July 4, 2024, it has deposited a total of 7.17 million UNI, equivalent to $58.51 million, at an average price of $8.16. Currently, the wallet holds 1.83 million UNI, valued at $14.08 million, with the possibility of more deposits on the horizon. This #Uniswap team-linked wallet deposited 1.19M $UNI ($9.15M) to #Coinbase 2 hours ago. The wallet received 9M $UNI from @Uniswap in 2020 and has deposited 7.17M $UNI ($58.5M) to Coinbase at ~$8.16 since July 4, 2024. The remaining 1.83M $UNI ($14M) may be deposited away soon.… https://t.co/9Ve2A3GQl4 pic.twitter.com/y5i3qdpkKj — Spot On Chain (@spotonchain) July 27, 2024 UniSwap Price Action To Monitor Following Recent Happenings Uniswap has seen a decline of 18% over the past 30 days, although there was a slight price increase of 2% in the last 24 hours, according to CoinMarketCap data. Despite these fluctuations, Uniswap remains a dominant force in the decentralized exchange (DEX) sector. The platform, which uses smart contracts to create liquidity pools for trade execution, generates nearly $100 million in monthly fees, underscoring its significant market presence. A majority of fees is generated by general-purpose blockchains.$Lido generates the most fees out of all crypto DApps. The $UNI DAO dominates the DEX sector with monthly fees nearing $100M What else does this chart to tell you? pic.twitter.com/QJxjYm5BHj — Max | One Click 🪙 (@maxyamp) July 27, 2024 The recent activities of the 0x63b wallet, coupled with the ongoing price movements, highlight the dynamic nature of the cryptocurrency market and the strategic…
Filed under: News - @ July 28, 2024 5:18 am