Whale’s UNI Token Movements and Inflows to Exchanges Draw Attention

One sentence summary – A significant whale has deposited 850,000 Uniswap (UNI) tokens into Binance, while also receiving 5.44 million UNI tokens from the Uniswap Team/Investor/Advisor Allocation Wallet, leading to increased inflows to exchanges and a drop in UNI’s price, potentially impacting market sentiment.

At a glance

  • A significant whale has made substantial movements with Uniswap (UNI) tokens
  • Inflows to exchanges have surged as a result
  • The whale deposited 850,000 UNI tokens into Binance via Wintermute
  • The total value of the deposit is estimated to be around $3.76 million
  • The whale received 5.44 million UNI tokens from the Uniswap Team/Investor/Advisor Allocation Wallet

The details

A significant whale has recently made substantial movements with Uniswap (UNI) tokens, leading to a surge in inflows to exchanges.

This increase in inflows has coincided with a drop in UNI’s price, affecting its Relative Strength Index (RSI).

The whale in question deposited 850,000 Uniswap (UNI) tokens into Binance via Wintermute.

The total value of this deposit is estimated to be around $3.76 million.

This same whale received 5.44 million UNI tokens from the Uniswap Team/Investor/Advisor Allocation Wallet.

The value of these received tokens is estimated to be around $24 million.

Following these transactions, the whale was left with 1.59 million UNI tokens.

The value of these remaining tokens is approximately $7 million.

In a separate transaction, UNI tokens were transferred by the now-defunct FTX from one blockchain to another.

The estimated value of this transfer is $1.8 million.

On September 5, there was a significant increase in UNI token inflow to exchanges.

This inflow reached approximately 64,000 tokens.

This marked the highest volume of UNI tokens flowing into exchanges in nearly two months.

It was also the second-highest inflow since April.

On the other hand, the outflow data showed relatively lower activity.

Approximately 314 UNI tokens left exchanges.

This data suggests that more UNI tokens were being sold and fewer were being held in custody.

The increase in exchange inflow correlated with a price decline for UNI.

UNI was trading at approximately $4.3, indicating a more than 3% decrease.

This price drop has impacted UNI’s Relative Strength Index (RSI), moving it back towards the oversold zone.

The recent whale movements involving UNI tokens, along with increased inflows to exchanges and a subsequent price decline, have drawn attention to Uniswap’s market dynamics.

These developments suggest a shift in token custody as more UNI tokens are sold.

This could potentially impact market sentiment.

It remains to be seen how these factors will influence UNI’s price and trading activity in the near future.

This news brief presents the available facts and information based on the provided list.

Additional context or analysis may be required for a comprehensive news article.

Article X-ray

Here are all the sources used to create this article:

A whale-shaped token swimming towards a group of exchanges, catching the attention of onlookers.

This section links each of the article’s facts back to its original source.

If you have any suspicions that false information is present in the article, you can use this section to investigate where it came from.

ambcrypto.com
– A whale recently deposited 850,000 Uniswap (UNI) tokens into Binance via Wintermute, with a total value of approximately $3.76 million.
The same whale received 5.44 million UNI tokens from Uniswap Team/Investor/Advisor Allocation Wallet, valued at around $24 million.
After the transaction, the whale was left with 1.59 million UNI tokens, equivalent to roughly $7 million.
– UNI tokens were transferred by the now-defunct FTX from one blockchain to another, with an estimated value of $1.8 million.
– On September 5, there was a notable surge in UNI token inflow to exchanges, reaching approximately 64,000 tokens.
This was the highest volume of UNI tokens flowing into exchanges in nearly two months and the second-highest since April.
The outflow data indicated relatively lower activity, with approximately 314 UNI tokens leaving exchanges.
This suggests that more UNI tokens were being sold and fewer were being held in custody.
The spike in exchange inflow correlated with a price decline for UNI, which was trading at approximately $4.3, indicating a more than 3% decrease.
This price drop has impacted UNI’s Relative Strength Index (RSI), moving it back towards the oversold zone.

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