According to the latest reports, it seems that large Uniswap holders are making some relevant moves in the crypto market. Check out the latest reports below.
Uniswap large holders make waves in the crypto space
Large Uniswap (UNI) holders are currently accumulating the crypto asset, according to the analytics firm Santiment.
Santiment also made sure to note the fact that addresses holding between 10,000 and one million Uniswap have added 10.74 million more UNI to their holdings from July 8th to July 24th.
This is a trove representing 1.1% of the asset’s total supply.
According to the analytics firm, the 16-day accumulation of UNI key stakeholders equates to more than $74.3 million worth of the crypto asset.
The online publication the Daily Hodl, notes that the decentralized exchange (DEX) is also now competing with Curve’s (CRV) dominance over the decentralized finance (DeFi) space.
IntoTheBlock reported the fact that Uniswap’s total value locked (TVL) briefly surpassed Curve’s last week.
Popular analyst issues new crypto warning
A crypto strategist who accurately called the 2018 bear market bottom for Bitcoin (BTC) is issuing a fresh warning for the king crypto.
Pseudonymous analyst Smart Contracter has recently said that Bitcoin’s rally to around $24,000 last week now appears to be a trap set for BTC bulls.
“BTC back into last week’s breakout range indicating it was a bearish fakeout, closing this thread off now and will buy any new lows.”
The analyst also said that he sees bull traps in other cryptos, and not just the king coin. He issued a warning that new bear market lows for digital assets could be on the table.
“Back in stablecoins. Price action on everything is starting to look like last week’s breakouts were fakeouts. Had a good few weeks, not willing to give it all back. Will aggressively buy new lows ‘if’ they happen over the next week or two… ”