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CoinGape

Uniswap Price Cools Off as Market Reacts to Major UNI Token Transactions

CoinGape
Summary
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68% Informative

Uniswap price has declined 4.01% in the past 24 hours , indicating increased volatility in the market.

A wallet with address 0x_b1 has made substantial moves with UNI tokens.

The wallet first deposited 950,000 $ UNI into YieldWars nearly four years ago .

Recently, the wallet withdrew the entire amount, totaling about $4.1 million .

The sale of $6.14 million in UNI could push the price downward.

Technical indicators suggest the potential for further downturn unless support levels hold.