Anonymous Address Sells $6.14 Million Worth of UNI on FalconX

IconCryptoNewsTerminal Staff25 Aug, 2024

cryptonews.jpg

Anonymous Address Sells $6.14 Million Worth of UNI on FalconX

Blockchain analytics firm Lookonchain reported that via an anonymous address starting with ”0x7b52f sold 902,500 UNI ($6.14 million) through the cryptocurrency prime brokerage firm FalconX over the last two days. The same address had previously deposited roughly 950,000 UNI ($4.1 million) on YieldWars nearly four years ago. This transaction highlights the increasing trend of anonymous addresses selling large amounts of crypto, indicating potential market manipulation or profit-taking. It is important for investors to be aware of such activities and make informed decisions based on publicly available information.