Altcoins News
By Pankaj K
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Uniswap’s native token, UNI, has come under intense selling pressure recently, even as the protocol receives a boost from one of the most prominent names in crypto — Coinbase.
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The latest trigger for the market unrest was a series of large token transfers involving the Uniswap team.
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Coinbase Prime is an institutional-grade trading platform that facilitates over-the-counter (OTC) transactions.
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Instead of interpreting the fund movement as a sign of growing institutional demand, traders and investors took it as a warning signal.
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Data from IntoTheBlock revealed that large holders are contributing heavily to the ongoing sell pressure.
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Spot market traders have echoed this sentiment. Over the last seven days, retail and small-scale traders liquidated nearly $15 million worth of UNI, one of the highest weekly…
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However, not all metrics paint a bleak picture. Interestingly, Uniswap’s Total Value Locked (TVL) — a key indicator of user trust and activity in a DeFi protocol — has been on…
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This divergence between token sentiment and protocol health raises an important question about investor psychology.
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A look at the liquidation heat map adds more nuance to the outlook. The current price level places UNI at a critical point, with clusters of liquidation levels both above and…
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In conclusion, while the Uniswap protocol itself appears to be on solid footing with rising TVL and institutional infrastructure like Coinbase Prime involved, the market's…
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