Markets· ★★★· bearish·

UNI falls 4% as Binance hacker dumps 7.02M tokens worth $39.6M

  • —Hacker sold 7.02M UNI for $39.63M, the largest of seven altcoins dumped
  • —The seven tokens were converted into 70,480 ETH worth $158.25M
  • —UNI trades at $6.73 with support at $6.25–6.50 and resistance at $7.00
  • —Standard Chartered maintains its $100 UNI target for 2030
Why it matters: Dumping of stolen tokens pressures UNI, but analysts expect trading to shift toward DEXs after the Binance breach.
#UNI#ETH
Source: crypto.news
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