Uniswap Foundation has made a total of $9.8 million in UNI transfers in the last six days, equivalent to approximately $40.66 million. These transactions are seen as a strategic move by the foundation to diversify its holdings in leading cryptocurrency exchanges.
Uniswap Foundation Launches Massive UNI Transfers to Leading Exchanges
Distribution of Transfers:
Uniswap Foundation allocated a significant portion of the transferred UNI, 3.4 million tokens with an estimated market value of $14.1 million, to cryptocurrency exchange OKX.
Another significant transfer was directed to Kraken, one of the leading cryptocurrency exchanges. Uniswap Foundation transferred 3 million UNI tokens worth approximately $12.45 million to Kraken's platform.
FalconX $3.4 Million UNI (Approx. $14.1 Million):
A significant portion of the transferred UNI, equivalent to 3.4 million tokens with an estimated market value of $14.1 million, was directed to FalconX, a leading player in the cryptocurrency exchange space.
Uniswap Foundation has transferred out a total of 9.8M $UNI($40.66M) in the past 6 days.
3.4M $UNI($14.1M) was deposited to #OKX;
3M $UNI ($12.45M) was deposited to #Kraken;
3.4M $UNI ($14.1M) was transferred to #FalconX.https://t.co/uHuPHgJui0 pic.twitter.com/eZEfPGUFkH
— Lookonchain (@lookonchain) October 29, 2023
These strategic transfers reflect Uniswap Foundation's determined effort to optimize its assets and increase liquidity on these established exchanges.
Uniswap Foundation's decision to diversify its assets among such reputable platforms underscores the trust in these exchanges and underlines the foundation's commitment to promoting a robust and dynamic crypto ecosystem.
*This is not investment advice.
