Posted 2/26/2024, 12:45:25 PM
Uniswap Team Sells $1M in UNI Tokens After Price Surge, Reduces Wallet Holdings
- A Uniswap team wallet sold 90,000 UNI tokens for over $1M after recent 70%+ price rally
- The wallet originally received 5.44M UNI worth $62M+; now holds 926,000 UNI worth $10M+
- UNI price rose due to proposal to change fee structure to reward staked/delegated tokens
- Uniswap team believes proposal will strengthen governance and bring in fresh delegates
- At writing, UNI trading around $10.89, up 3%+ over past 24 hours