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Uniswap Foundation Sells Off $43M Worth of UNI Tokens in Three Days 4m ago by coinedition.com

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Uniswap Foundation moved out $43.3 million worth of UNI tokens in three days.

The foundation allegedly sold $13 million in UNI after notable gains in the coin.

The foundation has barely moved substantial UNI tokens in the past two years.

Uniswap Foundation, the team responsible for supporting the Uniswap (UNI) protocol and ecosystem, has come under scrutiny recently amid the foundation’s massive sale of the ecosystem’s native tokens.

In a recent post on the X (formerly Twitter), the renowned on-chain resource Lookonchain disclosed that the Uniswap Foundation moved 6.8 million UNI tokens worth $29.16 million to a new wallet. The team also moved parts of the UNI coins to FalconX, a crypto brokerage and digital asset trading platform.

Note that #Uniswap Foundation transferred 6.8M $UNI($29.16M) to a new address and #FalconX 30 minutes ago.

Uniswap Foundation dumped 3M $UNI ($13M) via #Kraken deposit address of #Wintermute yesterday after $UNI rose.

Watch for another sell-off!https://t.co/KFGHYCc6wu pic.twitter.com/IcBry2RlhB

— Lookonchain (@lookonchain) October 25, 2023

Furthermore, Lookonchain noted that the Uniswap Foundation sold off three million un…

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