Uniswap experiences a 1,298% surge in large transaction volume, driven by whale activity and the liquidation of stolen assets.
Points
- Uniswap reports $42.71 million in large transaction volume.
- Whale activity surges by 1,298%.
- WazirX hacker liquidates ill-gotten gains.
- Uniswap Labs’ wallet browser extension now available.
In the last 24 hours, Uniswap reported a staggering $42.71 million in large transaction volume, representing a 1,298.68% surge. This abnormal activity is linked to the entity behind the WazirX exploits liquidating the remainder of its ill-gotten gains, including a significant amount of Uniswap tokens.
WazirX Exploiter’s Influence
The recent surge in large transaction volume follows the security breach at Indian crypto exchange WazirX, which resulted in the loss of user assets and over $230 million in withdrawals. The hacker responsible for the breach has been liquidating the stolen assets, becoming the top seller of Uniswap （UNI） tokens over the past week. According to Nansen data, the address in question sold $859,514 in Uniswap tokens over the last seven days.
Market Reaction and Price Impact
Uniswap’s token has seen a decline of 0.81% in the last 24 hours, trading at $7.91, and has lost 3.64% in the past seven days. The unusual surge in transaction volume has contributed to this volatility, raising concerns among investors about the platform’s security and market stability.
New Developments at Uniswap
In other news, Uniswap Labs has announced the availability of its wallet browser extension. The extension supports 11 blockchains, including Ethereum, Base, Blast, and Arbitrum, enhancing the user experience and accessibility for Uniswap users.
解説
- Whale Activity: Significant increase in large transaction volume due to the WazirX exploiter.
- Market Impact: Uniswap’s token price affected by the liquidation of stolen assets.
- Security Concerns: Investor caution due to recent breaches and market volatility.
- New Features: Uniswap Labs’ wallet browser extension supports multiple blockchains.