In a surprise move, a new whale known by the short address 0x8e7 has received a significant amount from Binance. Unifi Protocol DAO (UNFI) pulled.
Whale collected 190,488 UNFIs, equivalent to $1.63 million, at a price of $8.54 per token. UNFI price is trading at $8.73 at the time of writing this article.
Interestingly, apart from UNFI, the whale has not accumulated any other tokens, including ETH. This move led to a 14.5% increase in UNFI price over the last 24 hours.
Whale is currently the 9th largest holder of the UNFI token. The total market value of the token is around $53 million. UNFI also has US-based companies like Coinbase and Kraken. cryptocurrency It is also traded on stock exchanges.
According to the developers of the cryptocurrency themselves in the statements on the website, Unifi Protocol offers a unique approach to the blockchain economy. The network uses a stablecoin as a gas token to eliminate transaction price volatility and inflation. UNFI is described as a multi-chain governance token for the Unifi Protocol Dao.
*This is not investment advice.
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