Uniswap Witnesses 1298% Whale Trading Volume Surge Amid Hacker's Liquidation

IconCryptoNewsTerminal Staff23 Jul, 2024

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Uniswap Witnesses 1298% Whale Trading Volume Surge Amid Hacker's Liquidation

Uniswap (UNI) on a bullish run as it sees a massive 1298% increase in Large Transaction Volume (LTV) over the last 24 hours. The total amount traded by whales and institutional players (LTV) reached $427.1 million, marking a 1298.68% surge. The media outlet attributes this surge in large transactions to "liquidation activity from the hacker behind the WazirX hack, as they seek to offload a significant portion of their ill-gotten gains." The sudden spike in whale activity has caught the attention of investors, traders, and the crypto community alike, indicating renewed interest in Uniswap.

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