A wallet taking advantage of the rise in decentralized finance (DeFi) projects continues its sales.
According to the data reported by the on-chain analysis platform Lookonchain, a wallet thought to be associated with the team took action to sell Uniswap (UNI) on March 6.
The data revealed that the wallet in question sold 41,000 UNI worth $608,000. The same wallet had previously made a sale of 43,000 UNI worth $485,000 on February 14 taking advantage of the price rise.
The wallet in question, which drew attention with its transactions, currently holds 358,326 UNI worth $5.83 million.
The Uniswap Foundation had proposed a change in governance on February 23 and presented a community vote. With this vote, UNI started a journey of ascension and quickly became profitable for its investors.
According to CoinGecko data, UNI has shown a 38% rise in the last week and is currently trading at $14.8.