The transfer involved about $13.18 million worth of Uniswap tokens and took place Saturday.
The wallet transferred 1.793 million UNI after withdrawing the tokens from Venus, with a potential $3.17 million loss if sold at the reported value.
Uniswap (UNI) traded at $7.09 on Binance at 7:58 p.m. ET Thursday, after falling from $7.34 an hour earlier.
UNI fell from $7.41 to $7.18 on Binance spot trading by 12:53 p.m. ET (16:53 UTC) on Oct. 8.
The trader sold 500,000 UNI tokens at $7.78 each.
Uniswap prices plunged, breaking the critical $9 support.
Uniswap (UNI) is facing a potential 16% correction toward a primary buy zone between $6 and $7 following heavy long liquidations and despite a strong 42% surge in active users on the Robinhood Chain.
Pons' rapid growth highlights the potential for innovative DeFi models to reshape trading dynamics and influence market structures significantly. Pons surpasses $6B in all-time Uniswap v4 hook volume.
Uniswap Launch: Stove Finance has made its tokenized U.S. and South Korean equities available on Uniswap, expanding access to stock market exposure through onchain trading infrastructure. Trading Framework: The integration uses UniswapX's request-for-quote system, where market makers compete on pricing, and transactions settle atomically onchain for efficient execution.
UNI traded near its $8.18 Bollinger lower band, with $8.40 and $8.74 above the market and $7.51 among the next downside levels.
The tokens were withdrawn between Sept. 3 and Oct. 1 at an average price of $7.16.
Intercontinental Exchange and OKX are preparing an always-open market where tokenized US stocks could keep repricing after Wall Street closes. On Oct. 4, OKXICE, the companies' 50-50 joint venture, notified the Securities and Exchange Commission (SEC) that it intends to launch a Tokenized Securities Venue under the regulator's new Innovation Exemption.