Cryptocurrency whales have increased their interest in the altcoin, which has rapidly increased 2-fold in the past week.
Reported by on-chain analysis platform Lookonchain to data by 2 whales March 1 day Uniswap (UNI) took action to make the purchase.
The data was released via the cryptocurrency exchange Binance of the whales in question. $5.25 million worth 463,274 UNI He revealed what he bought. This accumulation move of the whales was interpreted as a clear indication of an expectation that the price would rise.
Thanks to a remarkable proposal that the Uniswap team submitted for community approval last week, the UNI price around 100% was instrumental in its rise. Regarding the proposal presented by Uniswap Foundation one And Voting will take place on March 8.
According to CoinGecko data, in the last 24 hours 5.6% increase exhibiting UNI, at the time of writing from $11.46 is being traded.