UNI's [Uniswap] 'big boys' triggered a rally as these metrics went haywire
, Since 8 July, wallet addresses holding between 10,000 and one million UNI have collectively added 10.74 million more UNI tokens to their crypto holdings.Has this increased accumulation impacted the price of the token so far?On 8 July, when the key addresses holding between 10,000 and one million UNI increased trading activity, the price of UNI was pegged at $5.83.
Exchanging hands at $6.92 at the time of writing, UNI saw an 18% uptick in price in the past 17 days. Since 14 July, key metrics deployed to track the growth on the network started to decline. For example, the number of addresses that traded UNI closed at a high of 1427 on 14 July. At 539 addresses at press time, a 62% decline has since been registered.
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