Uniswap's Major Move: 27.9 Million UNI Enter the Market, Where Will the Price Go?
Recently, Uniswap announced the issuance of 27.9 million UNI tokens, worth 192 million dollars. Once the news was released, approximately 750,000 UNI were quickly transferred to major trading platforms, raising market concerns about selling pressure. This token issuance is part of Uniswap's allocation plan. In March last year, Uniswap also had a similar operation aimed at promoting development activities. Unlike before, this issuance is larger in scale and has a profound impact on UNI's price trend. Uniswap founder Hayden Adams stated that the new tokens will be used to support the development of the ecosystem. Although the intention is good, market reactions have been mixed.
After 27.9 million UNI entered the market, the total supply of UNI tokens increased to approximately 740 million, intensifying market competition and potentially leading to short-term price fluctuations. The transfer of 750,000 UNI to trading platforms has made the market feel the selling pressure even more. However, token unlocking is not entirely a bad thing. From past experiences, such operations can stimulate ecosystem vitality and drive technological progress. Therefore, although the market may fluctuate in the short term, in the long run, this decision by Uniswap may still bring broad development prospects. Currently, the price of UNI tokens is 6.81 dollars, with a market capitalization of approximately 4.28 billion dollars. Over the past 90 days, the price of UNI has decreased by 50.64%, but investors are still highly focused on its future direction. #富达推进发行稳定币 #币安合约将上线JELLYJELLY
