Uniswap whale dumps $10 million worth of UNI tokens—Can the $4 support level hold?
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According to CoinWorld, Uniswap's UNI token has dropped to a two-year low of $4.1. A whale sold 2.49 million UNI after five years of inactivity, earning $10.62 million and profiting $1.72 million. Exchange inflows have surged to a two-month high, and as technical indicators such as RSI reach oversold territory, selling pressure has intensified, putting UNI's price at risk of falling below the $4 support level.
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