Lookonchain
A whale sold 1 million Uniswap UNI, valued at $7.32 million, over the past two days. The wallet had received 20.32 million UNI, valued at $139.4 million, from the Uniswap UNI Timelock wallet more than a year ago.
Why it matters
The sale brings attention to the movement of a large UNI allocation that originated from the timelock wallet. The amount sold represents about 4.9% of the earlier transfer.
Market impact
The transaction adds selling pressure to UNI, although the sale alone does not establish its effect on the token's price. Further wallet activity would show whether the selling continues.
Frequently asked questions
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How much UNI did the whale sell?
The whale sold 1 million UNI, valued at $7.32 million, over the past two days.
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Where did the whale's earlier UNI transfer come from?
The wallet received 20.32 million UNI from the Uniswap UNI Timelock wallet more than a year ago.
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What share of the earlier transfer was sold?
The 1 million UNI sold represents about 4.9% of the earlier 20.32 million UNI transfer.
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What was the stated value of the earlier UNI transfer?
The 20.32 million UNI received from the timelock wallet was valued at $139.4 million.
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Did the whale's sale establish a specific effect on UNI's price?
No. The sale adds selling pressure, but the transaction alone does not establish its effect on UNI's price.
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