Charting the Unicorn: on $UNI’s on-chain activity, sell-side pressure and short term price potential (Sanbase Pro report)

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Santrends
Sep 25, 2020

Key takeaways:

  • 78.2% of designated UNI has already been claimed
  • UNI’s whale redistribution preceded price correction
  • UNI exchange metrics suggest diminishing sell-side pressure, but caution is advised
  • UNI’s social data earmarks recent price tops
  • UNI’s on-chain activity declining swiftly, yet remains high
  • Transaction dominance: UNI vs SUSHI vs YFI
  • UNI-related network congestion issues continue to diminish
  1. Although it’s only been a week, Uniswap’s new token (UNI) has already given us heaps of on-chain and social data to analyze, speculate and use to make bold predictions about the coin’s short-term potential. But before we dig in, here’s a very brief history of the latest DeFi phenom:


What is UNI?


  1. For those of you that (somehow) missed it, Uniswap - the largest decentralized exchange protocol - recently rewarded its existing users and liquidity providers with thousands of $ worth of their new

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Assets from this insight

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UniswapUNI

$ 2.66

11.98%in last 7d
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