๐ Noteworthy: Whales are dumping UNI!
A paradox is unfolding with Uniswap: while its operational metrics are posting impressive growth, the price of UNI is falling under selling pressure from major players.
๐ The numbers:
๐น Price: Down more than 30% from its peak of $10.9.
๐น TVL: Reached a yearly record, surpassing $4 billion.
๐น Trading volume: Hit a peak of $93.6 billion.
๐น Growth: Recovered around 370% since its June low.
๐ Situation analysis:
1. Large-scale profit-taking: The sharp increase in UNI deposits to Binance shows that whale wallets are distributing their holdings.
2. Conditions for a reversal: The price can only find support and recover once the pressure from exchange deposits eases.
3. Market sentiment: The disconnect between fundamental growth and the token's price shows that short-term sentiment is outweighing long-term value.
๐ Donโt miss the alpha โ Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#UNI #Uniswap #PhanTichCrypto #BinanceSquare $UNI #UNI
A paradox is unfolding with Uniswap: while its operational metrics are posting impressive growth, the price of UNI is falling under selling pressure from major players.
๐ The numbers:
๐น Price: Down more than 30% from its peak of $10.9.
๐น TVL: Reached a yearly record, surpassing $4 billion.
๐น Trading volume: Hit a peak of $93.6 billion.
๐น Growth: Recovered around 370% since its June low.
๐ Situation analysis:
1. Large-scale profit-taking: The sharp increase in UNI deposits to Binance shows that whale wallets are distributing their holdings.
2. Conditions for a reversal: The price can only find support and recover once the pressure from exchange deposits eases.
3. Market sentiment: The disconnect between fundamental growth and the token's price shows that short-term sentiment is outweighing long-term value.
๐ Donโt miss the alpha โ Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#UNI #Uniswap #PhanTichCrypto #BinanceSquare $UNI #UNI