Uniswap Whales Stock Up on $6.97 Million in Native Token

Three newly created wallets have accumulated a significant amount of Uniswap's native token UNI, worth around $6.97 million.

The wallets received or withdrew UNI from various exchanges, including Galaxy Digital, Bybit, OKX, Binance, and Gate.

According to on-chain analytics platform Lookonchain, wallet '0xbD9C' received 130,000 UNI from Galaxy Digital. Another wallet, '0xf415,' withdrew 221,955 UNI from Bybit about 21 hours prior. Additionally, wallet '0x9681' withdrew 430,174 UNI from Binance and Gate over the past three days.

This activity suggests that whales are buying UNI, as per Lookonchain's analysis.