The post Uniswap Whales Transfer Millions in UNI, Market Watches appeared on BitcoinEthereumNews.com. Key Points: Uniswap whale transfers millions of UNI, impacting market dynamics. Market keenly observes potential large-scale sales. No immediate liquidity disruptions, but high speculation persists. A significant UNI investor transferred approximately 2.5 million UNI to Wintermute, a leading crypto market maker, suggesting a continuation of large-scale asset sales. This transaction hints at potential increased market activity, affecting UNI’s valuation amid concerns of substantial token liquidation by major holders. Uniswap Whale Moves $26 Million in UNI Tokens A significant Uniswap whale has moved a large portion of UNI tokens. Notable analyst Yu Jin observed that 1.697 million UNI, equivalent to $10.29 million, and subsequently 2.5 million UNI totaling $15.75 million, transferred to Wintermute. Wintermute, known for its role as an algorithmic market maker, received these tokens, bringing market focus to potential outcomes. The address still retains 24.9 million UNI, equivalent to $149 million. ASPs of this magnitude can significantly influence the market if exchanged rapidly. Current holders and traders are closely watching these balances as the potential effects on market stability and liquidity are weighed. Market responses have been varied, with Evgeny Gaevoy, Wintermute’s CEO, noting “The altcoin market will shrink.” Uniswap’s core team and other high-profile market figures have not made public statements, leaving room for speculation. Potential Market Implications and Price Resilience of UNI Did you know? Uniswap’s governance token, UNI, still shows price resilience compared to historical early investor transfers that often led to immediate volatility. This transaction might mirror previous patterns where large sales signaled potential short-term price corrections. The price of Uniswap (UNI) is currently $6.28, with a market cap of $3.96 billion and a 24-hour trading volume of $198 million. The last 30-day period recorded a decrease of -22.46%, but no substantial volume spikes in the recent transactions noted by CoinMarketCap. Uniswap(UNI), daily chart, screenshot… The post Uniswap Whales Transfer Millions in UNI, Market Watches appeared on BitcoinEthereumNews.com. Key Points: Uniswap whale transfers millions of UNI, impacting market dynamics. Market keenly observes potential large-scale sales. No immediate liquidity disruptions, but high speculation persists. A significant UNI investor transferred approximately 2.5 million UNI to Wintermute, a leading crypto market maker, suggesting a continuation of large-scale asset sales. This transaction hints at potential increased market activity, affecting UNI’s valuation amid concerns of substantial token liquidation by major holders. Uniswap Whale Moves $26 Million in UNI Tokens A significant Uniswap whale has moved a large portion of UNI tokens. Notable analyst Yu Jin observed that 1.697 million UNI, equivalent to $10.29 million, and subsequently 2.5 million UNI totaling $15.75 million, transferred to Wintermute. Wintermute, known for its role as an algorithmic market maker, received these tokens, bringing market focus to potential outcomes. The address still retains 24.9 million UNI, equivalent to $149 million. ASPs of this magnitude can significantly influence the market if exchanged rapidly. Current holders and traders are closely watching these balances as the potential effects on market stability and liquidity are weighed. Market responses have been varied, with Evgeny Gaevoy, Wintermute’s CEO, noting “The altcoin market will shrink.” Uniswap’s core team and other high-profile market figures have not made public statements, leaving room for speculation. Potential Market Implications and Price Resilience of UNI Did you know? Uniswap’s governance token, UNI, still shows price resilience compared to historical early investor transfers that often led to immediate volatility. This transaction might mirror previous patterns where large sales signaled potential short-term price corrections. The price of Uniswap (UNI) is currently $6.28, with a market cap of $3.96 billion and a 24-hour trading volume of $198 million. The last 30-day period recorded a decrease of -22.46%, but no substantial volume spikes in the recent transactions noted by CoinMarketCap. Uniswap(UNI), daily chart, screenshot…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

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