A major cryptocurrency investor, dubbed a “whale” by blockchain trackers, is making big moves in the DeFi market.
Whale Accumulates Millions in UNI
According to Lookonchain, this mysterious whale has been quietly withdrawing millions of UNI tokens, Uniswap’s native cryptocurrency, from Binance, the world’s largest crypto exchange. The total haul? A whopping 1.7 million UNI, worth around $15.54 million at the time of the report. Interestingly, this whale also holds $15.8 million in Tether (USDT) in a wallet created just two weeks prior. UNI is the governance token for Uniswap, the second-largest decentralized exchange (DEX) on the Ethereum blockchain. The price of UNI has seen a significant increase, up over 50% in the past year.
More Whale Activity: HYPE Token Purchases
The whale activity isn’t limited to UNI. Lookonchain also spotted two other whales accumulating HYPE, the native token of the Hyperliquid layer-1 DEX. One whale deposited 3 million USDC and bought 130,422 HYPE ($2.96 million), while another deposited 6.95 million USDC and purchased 186,964 HYPE ($4.24 million). HYPE, a relatively new token (launched just over two months ago), is currently trading at $23.52, showing a slight increase of over 5% for the day.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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