Uniswap Wallet Sells $1 Million Worth of Tokens, Believed to be Early Investor or Team Member
A wallet that received 5.44 million Uniswap (UNI) tokens in 2020 sold 90,000 of them for $1.03 million during Friday's surge. Blockchain analytics firm Lookonchain suggests that the wallet may belong to an early Uniswap investor or team member. The wallet still holds 926,000 UNI tokens, worth $10.6 million, after selling almost 9% of its stash. Uniswap's governance proposal led to a surge in UNI's price on Friday, but it has since fallen by 19% to $10.40.
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