According to cryptocurrency on-chain data, there could be a large number of Altcoins on sale from wallets linked to Altcoin developers.
According to Onchain data provided by SpotonChain, the cryptocurrency wallet connected to UNISWAP (UNI) sent $9 million tokens worth $47.5 million tokens to the Coinbase exchange after 4.5 years of dormant.
Interestingly, over the past six days, four different cryptocurrency wallets belonging to the UNISWAP project have awakened from their sleep as well, moving 19.21 million UNIs to Coinbase Exchange. The average UNI sales price during the transfer was $5.65. At the time of writing, Uni is trading for $5.33.
The exact reason for the transfer is unknown. Cryptocurrency, which saw its value drop by about 11% last month, is one of the altcoins that crypto whales have increased the most transactions last week. The token is trading 88% lower than the all-time high of $44.97.
*This is not investment advice.
