A dormant crypto wallet that holds a significant amount of Uniswap tokens has reappeared after one year of inactivity, gaining attention from market participants. The wallet recently sold 119,000 Uniswap tokens for $1.8 million, taking advantage of the recent price increase. The wallet still holds 400,000 Uniswap tokens worth $6 million. This activity highlights the profit-taking endeavors of Uniswap whales, who have been strategically timing their sales amid volatile market conditions. Despite these sales, Uniswap's price has been recovering and has surged 12.70% in the past week. The recovery is supported by factors such as Uniswap hitting $2.9 billion in daily transactions and its expansion into layer 2 networks.



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