Good news and bad news hit all at once: Uniswap just deployed v2/v3/v4 on Elysium on November 9, bringing in $77.5 million in fees over 30 days, and the fee switch had already been turned on—but $UNI is trading at $6.21, down 7.3% in 24 hours and 19.9% over the week, hitting a two-month low. A Timelock whale dumped $7.32 million over two days starting November 7, and still holds 19.3 million tokens; TVL has shrunk 14% in a month to $3.37 billion; liquidations totaled $930,000 in 24 hours, 90% of them longs. $BTC is down just 0.2% today, while DeFi governance tokens are getting hammered. A: It’s oversold at $6.1—buy the dip now? / B: The whale hasn’t finished selling; get out if it breaks below $6.1

$UNI $BTC
#Uniswap #DeFi #Bitcoin