UNI Exchange Reserves Hit Record 113.9 Million Tokens
- —UNI exchange reserves hit a record 113.9 million tokens, the highest since CryptoQuant data began in 2020
- —Binance holds over 73 million UNI; it took in 2.6 million tokens on September 18
- —Three new wallets withdrew 652,129 UNI from Binance, Gate, Bybit and OKX
- —Wallet 0xA799 sold 788,000 UNI at $8.85, netting about $2.04 million
Why it matters: Record UNI reserves on exchanges raise the risk of sell-side pressure, even as large wallets keep accumulating the token.
Source: BeInCrypto