At least $130 million worth of UNI flowed into exchanges yesterday, with the price dropping from $10 to $8.
According to Jinse Finance, on-chain analyst Ember (@EmberCN) monitored that, driven by the proposal for fee buyback and burn, the UNI token surged to $10 in the early hours of yesterday. Within one day, at least 14.18 million UNI flowed into exchanges, worth approximately $130 million. As a result, the price of UNI fell back to around $8.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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