Whale Dumps Millions of Altcoin on Major Exchange, Price Drops!

A crypto whale has triggered a price drop by selling millions of dollars worth of an altcoin.

According to data shared by on-chain analysis platform Lookonchain, a crypto whale sold 7 million dollars worth of Uniswap (UNI).

The data showed that the whale in question sold 606,088 UNI worth $7.08 million on June 6. The price dropped 4% following the sale.

Table of Contents

Toggle

Jito Offers Open Source Restaking Service for Solana

This yet-to-be-implemented codebase allows any Solana-based protocol to leverage any asset for its economic security.

25
Jul

Senator Cynthia Lummis Proposes Strategic Bitcoin Reserve

Legislatively speaking, pro-crypto Senator Cynthia Lummis is poised to have a major influence on the

25
Jul

Marathon Digital Purchases $100 Million Bitcoin, Adopts HODL Strategy

Marathon Digital Holdings (MARA) has made a significant move in the cryptocurrency space by purchasing

25
Jul

ARB and Turbo Coin Analysis (July 25, 2024)

ARB and Turbo have recently captured the attention of investors as two popular cryptocurrencies. In

25
Jul

Bitcoin 2024 Conference Kicks Off: Why It Matters?

The world’s largest Bitcoin conference, Bitcoin 2024, begins today in Nashville, Tennessee. Prominent figures such

25
Jul

Binance TR CEO Mücahit Dönmez Speaks at ‘Binance TR Super Meeting’

Binance TR gathered prominent figures in the crypto asset and Web3 ecosystem at the “Binance

READ:  Binance Announces Massive Airdrop Event Worth $100,000!

25
Jul

This whale had bought 1.3 million UNI worth $13.7 million from the cryptocurrency exchange Binance at a cost of $10.54. After the sale transaction, 696,808 UNI worth $7.46 million remained in the wallet.

The whale has made a profit of approximately $800,000 from its UNI investment so far.

UNI, which has decreased by 4.9% in the last 24 hours according to CoinGecko data, is trading at $10.