Crypto whales are targeting an altcoin that has shown successful performance in recent weeks.
According to data from the on-chain analysis platform Lookonchain, 2 different whale wallets purchased a large amount of Uniswap (UNI) on March 13.
A whale named “0x3794” recently bought 86,467 UNI worth $1.23 million through Binance. The same whale has accumulated 15.45 million dollars’ worth of UNI since March 1.
Another whale named whitzardflow.eth borrowed $200,000 from the DeFi platform Aave and spent it all to buy 14,049 UNI. This whale has bought 262,044 UNI worth $3.72 million since March 1.
Uniswap had attracted attention last week with its community vote and new reward distribution mechanism.
According to CoinGecko data, UNI, which has shown a 32% increase in the last 2 weeks, is currently trading at $14.41.
