UniswapLabs
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đŚ NEW: Uniswap teases v4 is âcoming soonâ after missing its Q3 target last year.
#Uniswapâs #V4 #UniswapV4 #UniswapLabs
#Uniswapâs #V4 #UniswapV4 #UniswapLabs
Uniswap Labs received a notice from the SEC in April accusing the Uniswap protocol of being an unregistered securities exchange and interface/wallet as unregistered securities brokers.
Uniswap Labs responded by arguing that the protocol doesn't meet the SEC's definition of an exchange and that most trading volume involves non-securities like ETH, BTC, and stablecoins.
The company is asking the SEC to drop a lawsuit that was planned, claiming it's not worth the fight.
#uniswap #uniswaplabs #SEC #stablecoins #MicroStrategy
Uniswap Labs responded by arguing that the protocol doesn't meet the SEC's definition of an exchange and that most trading volume involves non-securities like ETH, BTC, and stablecoins.
The company is asking the SEC to drop a lawsuit that was planned, claiming it's not worth the fight.
#uniswap #uniswaplabs #SEC #stablecoins #MicroStrategy
UniSwap (UNI) Price Under Pressure: Whale Dumps $16.7 Million Worth of Tokens
UNI Faces Price Decline Due to Massive Whale Sell-off
The native token of the UniSwap platform, UNI, is under significant pressure and facing a potential further price drop. On December 10, 2024, whale transaction tracker Lookonchain reported on X (formerly Twitter) that trading firm Cumberland had dumped a substantial 989,520 UNI tokens worth $16.73 million.
These tokens were sold on major exchanges, including Binance, Coinbase, OKX, and Robinhood. The sell-off began shortly after UNI lost 10% of its value.
Current UNI Price Situation
The sentiment around UNI is currently bearish. At the time of writing, the token is trading near $16, reflecting a 14% drop in the past 24 hours. Meanwhile, trading volume increased by 15%, indicating heightened activity from traders and investors. This trend supports expectations of further price declines in the near future.
Technical Analysis and Key Price Levels
The price drop has brought UNI to a critical support level of $16, which is now a pivotal point. This level was anticipated to be retested, but the rapid price decline accelerated the process.
According to technical analysis experts, two possible scenarios may unfold:
Bullish Scenario: If UNI holds above $14.90, it has the potential to rise by 20% in the coming days and reach $19.75.Bearish Scenario: If UNI closes a daily candle below $14.90, the token could lose an additional 24% of its value, dropping to $11.30.
High whale activity and uncertainty around key levels indicate that the coming days will be crucial for UNI. The price trajectory will depend on whether the token can maintain critical support levels or face continued selling pressure.
#UniswapLabs , #CryptoNewss , #BEARISHđ , #Cryptocurrencies , #cryptowhales
Stay one step ahead â follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â
The native token of the UniSwap platform, UNI, is under significant pressure and facing a potential further price drop. On December 10, 2024, whale transaction tracker Lookonchain reported on X (formerly Twitter) that trading firm Cumberland had dumped a substantial 989,520 UNI tokens worth $16.73 million.
These tokens were sold on major exchanges, including Binance, Coinbase, OKX, and Robinhood. The sell-off began shortly after UNI lost 10% of its value.
Current UNI Price Situation
The sentiment around UNI is currently bearish. At the time of writing, the token is trading near $16, reflecting a 14% drop in the past 24 hours. Meanwhile, trading volume increased by 15%, indicating heightened activity from traders and investors. This trend supports expectations of further price declines in the near future.
Technical Analysis and Key Price Levels
The price drop has brought UNI to a critical support level of $16, which is now a pivotal point. This level was anticipated to be retested, but the rapid price decline accelerated the process.
According to technical analysis experts, two possible scenarios may unfold:
Bullish Scenario: If UNI holds above $14.90, it has the potential to rise by 20% in the coming days and reach $19.75.Bearish Scenario: If UNI closes a daily candle below $14.90, the token could lose an additional 24% of its value, dropping to $11.30.
High whale activity and uncertainty around key levels indicate that the coming days will be crucial for UNI. The price trajectory will depend on whether the token can maintain critical support levels or face continued selling pressure.
#UniswapLabs , #CryptoNewss , #BEARISHđ , #Cryptocurrencies , #cryptowhales
Stay one step ahead â follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.â