Whales Sell UNI: Is This the End of the World as We Know It? 🐋💸

So, it turns out the number of bearish large investors in UNI has skyrocketed. Shocking, right?
On-chain metrics are showing a decline in total value locked and fees generated. Who could’ve seen that coming?

In the last 24 hours, UNI has taken a nosedive of 11.95%. I mean, come on! Just when you think things can’t get worse, they do. And guess what? The whales are at it again, causing all this chaos.

But wait, there’s more! AMBCrypto’s analysis shows that it’s not just the whales throwing in the towel; other market participants are also bailing on UNI. It’s like a mass exodus! 🏃‍♂️💨

Whales Start Selling UNI

According to IntoTheBlock, the bulls and bears are having a little party, and guess who’s not invited? The bulls! We’ve got 12 bulls to 23 bears in the last 24 hours. Talk about a rough crowd!

When the bears outnumber the bulls like that, it’s like a bad horror movie. The market tilts in favor of the big guys, and guess what? They’re the ones causing the 11.95% price drop. Thanks a lot, guys!

And get this: this bearish crew traded a whopping 11.98 million UNI, totaling $136.4 million. That’s a lot of selling! 🤑

But it doesn’t stop there! The liquidity providers are also jumping ship. UNI usage is plummeting faster than my enthusiasm for a Monday morning.

Broader Market Aligns with Bearish Mode

According to AMBCrypto, the broader market has decided to join the bearish party. Total Value Locked (TVL) and fees generated are both on the decline. It’s like a double whammy of bad news!

TVL has dropped from $5.937 billion to $5.584 billion. That’s a lot of people unlocking their UNI and selling it off. I mean, who wouldn’t want to cash out when things look this grim?

And let’s not forget about transaction fees, which have plummeted from $9.24 million to $4.49 million. It’s like a ghost town out there! 👻

This all points to low trading activity and a market that’s about as cheerful as a rainy day.

Steady Adoption of UNI

But hold on! Despite all this doom and gloom, the number of unique traders is hanging in there. We’re talking about 88,700 to 94,700 distinct UNI addresses still doing their thing. It’s like the little engine that could!

If those active addresses start to exceed that range, we might just see a little upward momentum. Who knows? Maybe there’s hope after all!

For now, this active group is keeping UNI’s price from plummeting into the abyss. Thanks, guys! You’re the real MVPs! 🙌

2025-01-28 08:10

Whales Start Selling UNI

Broader Market Aligns with Bearish Mode

Steady Adoption of UNI

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