As a seasoned analyst with extensive experience in the crypto market, I have witnessed numerous unexpected price movements and market events. The recent surge in large transaction volume on Uniswap, with a staggering 1,298% increase, has certainly piqued my interest.
Based on blockchain information, there has been a surprising uptick in large-scale transactions on Uniswap, representing a 1,298% rise in such activity. This sudden spike has left many wondering and fueled rumors.
According to IntoTheBlock’s data, there has been a striking 1,298% increase in significant transaction volume on Uniswap. This surge suggests that whales and institutional investors are actively engaging in the platform, be it through purchases or sales. The substantial volume of large transactions offers insight into their trading behavior on a given day.
Over the past day, Uniswap recorded approximately $42.71 million worth of large transactions, which is equivalent to about 546 million UNI tokens. This represents an astounding increase of over 1,298.68%.
Following the massive transaction surge on WazirX, it’s been revealed that the entity responsible for the exploit had liquidated the remainder of their ill-gotten gains, which included a substantial amount of Uniswap tokens. Reports suggest that the exploiter was left with approximately $5 million worth of the stolen assets.
Last week, users on Indian cryptocurrency platform WazirX were shocked as one of their multisig wallets experienced a security incident, leading to the misappropriation of customer funds and approximately $230 million worth of withdrawal requests.
WazirX exploiter tops UNI selling in recent 24 hours
As a researcher delving into recent cryptocurrency market activities, I’ve uncovered an intriguing finding: within the past 24 hours, the entity responsible for the WazirX exchange hack has emerged as the leading UNI (Uniswap) token seller on the Uniswap platform. Based on Nansen data, this address has offloaded a substantial amount of UNI tokens worth approximately $859,514 over the last seven days.
The increase in large transactions could be partly due to strong selling activity. Currently, Uniswap is priced at $7.91, representing a 0.81% decrease over the previous 24 hours. Over the last week, its value has dropped by 3.64%.
As a seasoned crypto enthusiast with years of experience in the decentralized finance (DeFi) space, I’m thrilled to share some exciting news with you all. Uniswap Labs, the creators of the popular automated market maker protocol Uniswap, have just released their wallet browser extension!
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2024-07-23 19:03