Uniswap recently released 27.9 million UNI tokens, valued at $192 million, into circulation as part of its scheduled vesting process. The transfer of 750,000 UNI tokens to Binance raised market concerns about potential selling pressure.
This release aims to support ecosystem initiatives and contributes to Uniswap's growth strategies.
Market observers warn that such releases can lead to volatility, but they also promote technological advancements and the development of new DeFi opportunities.
Despite recent price declines, experts believe these token unlocks can enhance ecosystem resilience.
Full story here: https://coincu.com/328740-uniswap-token-unlock-market-reaction
