Uniswap Bloodbath: UNI Price Crashes 16% On SEC Lawsuit Fears
2024年4月11日 - 5:30PM
NEWSBTC
The US Securities and Exchange Commission (SEC) has served a Wells
Notice to Uniswap, a leading decentralized exchange (DEX). This
pre-enforcement notice, a precursor to potential legal action,
triggered a plunge in Uniswap’s native token, UNI. At the time of
writing, UNI was trading at $9.37, down 16.2% in the last 24 hours,
data from Coingecko shows. The crypto has also sustained a 15% loss
in the last seven days. Uniswap Whales Seek Safer Shores The news
of the SEC’s looming action acted as a fire alarm for Uniswap’s
biggest investors. On-chain data analysts at Lookonchain reported
significant market movements, with three large whales shedding a
staggering 2.03 million UNI tokens – a cool $20 million vanishing
from the Uniswap ecosystem within hours. Related Reading: Bitcoin
Below $70,000: Is $80K Still Possible, Or Is The Rally Over? The
wallets offloaded a combined 1.25 million UNI, potentially
profiting by $3.5 million if they sold at current market prices.
These tokens, interestingly, originated from a Binance transfer in
March 2023, hinting at a potential strategy of holding on the
exchange until the regulatory clouds cleared. UNI takes a dip in
the last 24 hours. Source: Coingecko Another whale liquidated over
472,000 UNI for a quick $4.6 million USDC payout, netting a cool
$1.67 million in profit. The fire sale wasn’t limited to these
three giants – six other whale-sized wallets collectively moved
316,400 UNI tokens to Binance, valued at roughly $3.15 million.
This mass exodus of heavyweight investors exacerbated the downward
spiral of UNI’s price, leaving retail investors scrambling to
assess the situation. whitzardflow.eth was liquidated 107,010
$UNI($1M) 1 hour ago. He bought 262,045 $UNI($3M) from Mar 1 to Mar
13 at $11.42 and deposited it into #Aave, then borrowed $1.8M of
stablecoins. Due to the decrease in $UNI price, he was liquidated
107,010 $UNI($1M) to repay the debt and… pic.twitter.com/6mRg8sL3YE
— Lookonchain (@lookonchain) April 11, 2024 Uniswap Founder Vows To
Fight, DeFi Future Uncertain Uniswap founder Hayden Adams reacted
swiftly and fiercely to the SEC’s move. In a fiery statement posted
on the X platform, Adams condemned the SEC’s approach, accusing
them of prioritizing opaque, legacy financial systems over the
interests of consumers. Today @Uniswap Labs received a Wells notice
from the SEC. I’m not surprised. Just annoyed, disappointed, and
ready to fight. I am confident that the products we offer are legal
and that our work is on the right side of history. But it’s been
clear for a while that rather than… — hayden.eth 🦄 (@haydenzadams)
April 10, 2024 He emphasized the need to defend Uniswap and the
broader DeFi industry, underscoring the potential of decentralized
finance to revolutionize financial inclusion. The Wells Notice
marks the beginning of what could be a long and arduous legal
battle. Adams acknowledged the possibility of a years-long fight,
highlighting the immense stakes involved. The outcome of this
clash, he argued, could significantly impact the future trajectory
of DeFi and the entire cryptocurrency landscape. UNI market cap
currently at $5.6 billion. Chart: TradingView.com Related Reading:
From Hat To Heights: Dogwifhat’s $17 Crypto Leap Electrifies
Investors Crypto Market Braces For Regulatory Storm Investors are
now grappling with the specter of increased regulatory scrutiny for
DEXs, a sector that has thrived on its permissionless nature. The
uncertainty surrounding Uniswap’s legal status has cast a shadow
over investor confidence, raising concerns about the potential
devaluation of their holdings. Featured image from Knowledge at
Wharton – University of Pennsylvania, chart from TradingView
Uniswap (COIN:UNIUSD)
過去 株価チャート
から 4 2024 まで 5 2024
Uniswap (COIN:UNIUSD)
過去 株価チャート
から 5 2023 まで 5 2024