• UNI crashed by 6% from the intraday high of  $11.26 to a low of $10.63 today.
• The decline emerged after a whale dumped UNI worth $7.08 million. 
• Another bearish factor for UNI is the upcoming unlock of over $90 million for advisors, teams, and investors

Over the last 24 hours, UNI, the native token of the Uniswap DEX, suffered a significant decline amid the Bitcoin-led crypto market rally. During yesterday’s brief surge, UNI reached a daily high of $11.26. However, UNI dropped to $10.63 earlier today, losing approximately 6% of its value.

Lookonchain, the crypto analytics firm, suggests that large-scale whale activity may have influenced Uniswap’s price crash. Lookonchain revealed that a major UNI investor sold 606,088 tokens, realizing a profit of $7.08 million. According to the firm, this substantial sale triggered UNI’s price drop earlier today.

The post Uniswap Whale Makes Waves, Dumping $7 Million Worth of UNI appeared first on Coin Edition.

• UNI crashed by 6% from the intraday high of  $11.26 to a low of $10.63 today.
• The decline emerged after a whale dumped UNI worth $7.08 million. 
• Another bearish factor for UNI is the upcoming unlock of over $90 million for advisors, teams, and investors

Over the last 24 hours, UNI, the native token of the Uniswap DEX, suffered a significant decline amid the Bitcoin-led crypto market rally. During yesterday’s brief surge, UNI reached a daily high of $11.26. However, UNI dropped to $10.63 earlier today, losing approximately 6% of its value.

Lookonchain, the crypto analytics firm, suggests that large-scale whale activity may have influenced Uniswap’s price crash. Lookonchain revealed that a major UNI investor sold 606,088 tokens, realizing a profit of $7.08 million. According to the firm, this substantial sale triggered UNI’s price drop earlier today.

The post Uniswap Whale Makes Waves, Dumping $7 Million Worth of UNI appeared first on Coin Edition.