A large entity is reportedly accumulating Uniswap\u2019s native token UNI<\/a>, according to blockchain tracking firm Lookonchain.<\/p>\n Citing data from on-chain \u201cde-anonymizer\u201d Arkham, Lookonchain<\/a> reports that an unknown deep-pocketed investor has begun withdrawing UNI from Binance, the largest crypto exchange in the world.<\/p>\n \u201cA giant whale is accumulating UNI!<\/em><\/p>\n This whale has withdrawn a total of 1.7 million UNI ($15.54 million) from Binance in the [past days].\u201d<\/em><\/p>\n According to Arkham\u2019s data, the whale also holds<\/a> $15.8 million in Tether\u2019s USDT<\/a> in the same wallet which was created only about two weeks ago.<\/p>\n Uniswap is the second-largest<\/a> decentralized exchange (DEX) in the world, according to CoinGecko, and UNI is its governance token. Uniswap is the top DEX operating on Ethereum (ETH<\/a>).<\/p>\n At time of writing, UNI is trading for $9.22, up over 50% in the past year.<\/p>\n Lookonchain also reported<\/a> two whales loading up on HYPE<\/a>, the native token for the layer-1 DEX Hyperliquid.<\/p>\n \u201cWhales are buying HYPE.<\/em><\/p>\n 0xfD7A\u2026Ea8d deposited 3 million USDC to Hyperliquid and bought 130,422 HYPE ($2.96 million).<\/em><\/p>\n 0x3369\u2026.ADdF deposited 6.95 million USDC to Hyperliquid and bought 186,964 HYPE ($4.24 million).\u201d<\/em><\/p>\n At time of writing, HYPE, which only launched just over two months ago, is trading for $23.52, up over 5% on the day.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n
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