While UNI, the altcoin of the largest decentralized exchange (DEX) Uniswap, is experiencing a great rise, investors are worried about a possible negative decision.
On-chain analysis account Lookonchain made a statement on its Twitter account on February 24. in sharingone of the active investors of the cryptocurrency market Andreessen Horowitz (a16z) He pointed out the number of UNIs he held.
Uniswap’s latest offer, price $7.15 from levels to 80% with close increase for $12.77 He carried it. The fact that a16z owns 64 million UNIs, which is 6.4% of the total UNI supply, created uneasiness among investors.
While it is thought that the proposal will be valid if a16z, which will have a strong voting effect, votes yes, it is estimated that the rise will be in trouble if it votes against it.
a16z team from Uniswap’s team wallet 720 million UNI taking 31 wallets he had conveyed. It is thought that the governance vote of the wallet in question could significantly affect the outcome.
According to CoinGecko data, UNI, at the time of writing from $11.16 is being traded.