Monday, May 19, 2025
HomeCryptoUniswap bleeds 22% - This whale behind the drop?

Uniswap bleeds 22% – This whale behind the drop?

Reason to trust

Strict editorial policy which focuses on precision, relevance and impartiality

Created by industry experts and meticulously revised

The highest standards in the declaration and publishing

Strict editorial policy which focuses on precision, relevance and impartiality

Leo football price and a little soft players. Each Arcu Lorem, ultimate all children or, Ultlamcorper football hates.

This article is also available in Spanish.

The loss of an crypto exchange is the gain of another crypto exchange. This is true with the exchange of UNISWAP cryptocurrency after having recorded a weekly loss of more than 20% by a large investor unloading a large number of tokens.

The loss of uniswap was the gain of Kraken after the said whale transferred 2.25 million UNITED Model to the cryptocurrency exchange platform in what analysts thought they were an attempt to reduce losses.

Related reading

UNISWAP downwards

Analysts said that UNI, the Uniswap native token, had displayed a weekly loss of 20% after the 2.80% medal in the last 24 hours. Massive loss allowed Uni the price of lowering $ 5.80 to the world.

According to an crypto analyst, the decline, which came in the middle of the increased sales pressure, can be attributed to a large investor who unloaded a large piece of his plain tokens and transferred it to another crypto exchange platform.

“A whale deposited every $ 2.25 million united ($ 13.71 million) in #Kraken 2 hours ago,” Lookonchain said.

‘Cut the losses’

In a post, Lookonchain believed that the whale could abandon an effort to “reduce losses” after an unrealized considerable gain from the united token has disappeared.

“The whale has accumulated $ 2.25 million ($ 15.57 million) at an average price of $ 6.92 between September 7, 2023 and November 18, 2024,” said Lookonchain.

At its peak, the market observer said that the major investor had recorded an unrealized profit of $ 26.5 million. However, recent market conditions have reduced unprecedented profits to only $ 1.86 million, which could be the main reason why the whale has decided to move $ 13.71 million in plain tokens for Kraken.

Lowering signal

Another Crypto analyst observed that the indicators showed a downward image for Uniswap. Santiment shared its analysis on what could be the future of the UNISWAP using the metrics on a chain, claiming that the balance of exchange flows increased from -428 920 to 2.23 million within two days.

Uni is currently negotiated at $ 5.8. Chart: Tradingview

The metric, which follows the net movement of the tokens in and outside the exchange portfolios, has shown that there is a possible increase in the sale pressure, indicating that many tokens are moved to exchange portfolios.

Another metric, the offer on exchanges, has shown that the token increase 2.67% in the last 24 hours, which said that the analyst has strengthened the concept of traders unloading their UNI assets in the middle of a drop in confidence in the performance of Uniswap.

Previous data have shown that such trends generally lead to a new drop in the price of the token.

Related reading

Other market observers have verified the technical indicators of UNI, revealing a negative feeling towards the native token of Uniswap. Bollinger groups have shown that it was tightening with the midfielder at $ 7.470. Meanwhile, the upper and lower bands are $ 9.332 and $ 5.608, respectively.

Analysts said that the UNI price is on the lower strip, indicating a strong lower dynamic, which could explain the drop in profit not made for the token.

Medium star image, tradingview graphic



Source

Author

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular