A whale has increased its holdings by nearly 300,000 UNI, now holding a total of 763,000 UNI.
BlockBeats News, May 19th, according to Onchainlens data, a whale spent 1.03 million USDT to acquire an additional 299,454 UNI. Currently, the whale holds a total of 763,061 UNI, valued at around $2.7 million.
UNI price has recently surged, mainly driven by the significant increase in Uniswap trading volume and fee revenue on the Robinhood Chain, as well as the continuous burning of UNI through the protocol fee switch, enhancing the deflationary expectations for the token.
Relying on selling tokens to raise funds for the foundation in the absence of long-term empowerment of UNI tokens undoubtedly shifts the ecological operation costs to long-term holders of UNI tokens.