ETH Whales Push Uniswap To Key Milestone

    The Uniswap token (UNI) made its way to the top 10 ETH wallets by trading volume in the last 24 hours. UNI is now ranked in the top 10 tokens out of the 100 biggest Ethereum whales purchased, according to the stats.

    The token made some impressive progress in three different categories of trading. Making its way up to the top 10 in three different categories. UNI ranked 10th place in the trading volume with an average volume amount of $28,363.

    While it ranked 9th in the top 10 purchased tokens with an average amount of $13,127. The token now stands at 7th position in the top smart contracts with an increase of nearly 50% in the past 24 hours.

    UNI Price Making Strong Comeback?

    On June 19, the UNI price dropped to a low of $3.37, according to CoinMarketCap. Since then, the token regained by around 61% within a space of to hover around the $5.40 mark. As of writing, UNI is trading at $5.46, down 2.25% in the last 24 hours.

    Interestingly, the token was trading at the same level around a month ago. After trading around the $5 mark for a significant part of the month, UNI price took a sudden fall on June 10. Around this date, it was found that Celsius had exposure to Staked ether (stETH).

    Whales See The Opportunity

    The most recent transaction of ETH whale ‘BlueWhale0079’ took its ranking to the top 10 in token purchases. The whale bought 375,384 UNI, which is worth more than $2 million.

    Along with UNI, other DeFi tokens have also been the apple of the eye for the whales recently. Tokens like AAVE, SAND, and LRC have been attracting whale accumulation.

    However, not all the DeFi tokens are the center of attraction for whales. Tokens like Cardano, Yearn Finance, and Dogecoin have been losing their whale traders. DOGE suffered heavy losses especially after facing the lawsuit filed by Elon Musk.

    Tanvi is a journalism graduate from Delhi university. She has a keen interest in finance. As a newbie in the journalism world, Tanvi is learning and exploring the field. She plans to be an anchor in the upcoming years. In her free time, you can find her exploring nature & grooving in music and books. She can be reached at [email protected]

    The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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