Illinois wants $20 tax on a $10,000 $UNI swap — Uniswap and a16z fought back.
Source: KuCoin, Oct 30. Data: Coinbase, 1:30 PM PKT.
That 0.2% tax hits the swap value, not the $3 fee — an Illinois trader pays more tax than fees. This is about every DEX swap, not just UNI.
I'm neutral-to-cautious: $UNI around $6.94 (+3.7%) slipped under today's $7.04 reclaim, though the $6.68 low held $6.60 support. Buyers lead sellers 517-305 on Coinbase, but $7.23 is the wall.
If $7.23 breaks, $7.50 opens. Lose $6.60 and my reclaim call was wrong. $UNI at $7.23 — trading the break, or waiting?
$UNI $ETH
Not financial advice. DYOR.
Source: KuCoin, Oct 30. Data: Coinbase, 1:30 PM PKT.
That 0.2% tax hits the swap value, not the $3 fee — an Illinois trader pays more tax than fees. This is about every DEX swap, not just UNI.
I'm neutral-to-cautious: $UNI around $6.94 (+3.7%) slipped under today's $7.04 reclaim, though the $6.68 low held $6.60 support. Buyers lead sellers 517-305 on Coinbase, but $7.23 is the wall.
If $7.23 breaks, $7.50 opens. Lose $6.60 and my reclaim call was wrong. $UNI at $7.23 — trading the break, or waiting?
$UNI $ETH
Not financial advice. DYOR.
