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Uniswap (UNI) Whale Transactions Rocket 1,713%, How Is Price Reacting?
On-chain data reveals a staggering surge in large whale transactions on the Uniswap platform. According to IntoTheBlock’s data, these massive transactions have skyrocketed by a whopping 1,713% within the last 24 hours. This dramatic increase in activity has sparked significant attention and interest from market participants.
As the whales’ recent trading activities reached an astonishing 58.36 million UNI, worth approximately $431 million, it is crucial to monitor their impact on the asset’s price. The Uniswap ecosystem has seen a substantial rise in transaction volume due to improved gas efficiency resulting from its new V4 protocol. This new upgrade makes token swaps more efficient compared to previous versions.
With whales actively trading UNI, retail investors may consider supporting a potential sustained rebound move.
Source: u.today
