According to Chain Analysis Analyst Yu Jin's monitoring, after the SEC issued a Wells notice to Uniswap Labs, the UNI price fell from $11.2 to the current $9.4, a 16% drop. A whale/institution who bought 1.247 million UNI at an average price of $6.63 in early 2023 decided to clear their position on UNI due to this news: one hour ago, they transferred all 1.247 million UNI to Binance through two addresses. The whale/institution ultimately realized a profit of approximately $3.45 million (+42%) on UNI.
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A whale/institution transferred 1.247 million UNI to Binance 1 hour ago
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Cointime June 1st News Express
1. Paradigm researcher: Uniswap postponed the vote on "UNI staking and delegation rewards" because a certain VC was putting pressure on it -
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According to Paradigm researcher Dan Robinson's post on X regarding the "Uniswap postpones UNI staking and delegation reward voting scheduled for Friday" issue, he said, "It is disappointing that a large VC attempted to manipulate the token governance process at the last minute and delay community proposals to advance their own 'pet' project." Dan Robinson did not specify which VC it was.
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