Big news in the world of cryptocurrency! Uniswap, a place where people trade crypto, had a rough week. A very big investor, called a 'whale', sold lots of their Uniswap tokens (called UNI). This caused the price of UNI to go down.
- A whale sold 2.25 million UNI tokens.
- This made the price of UNI drop by about 20%.
- The whale moved their tokens to another crypto exchange called Kraken, maybe to try and avoid losing more money.
- Some experts think the price of UNI might go down further.
Fact | Number |
---|---|
UNI tokens sold | 2.25 million |
Price drop in last week | 20% |
Current UNI price (approx.) | $5.80 |
Whale's initial investment (approx.) | $15.57 million |