Uniswap’s transfer of UNI to Coinbase Prime for OTC trading has prompted widespread selling among investors, causing a notable 2.7% decrease in the token’s value. Despite this decline, the movement of funds drew institutional interest, with large stakeholders liquidating positions.
In contrast to the drop in UNI price, Uniswap’s Total Value Locked (TVL) surged by 66 million USD recently, reflecting active market participation. This surge brings TVL to 4.009 billion USD, presenting a more favorable market scenario for the protocol.
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