Crypto market analytics company Lookonchain has detected Galaxy Digital transferring 5.26 million UNI tokens worth $40.6 million to Binance and OKX exchanges over the course of seven days. This move suggests that Galaxy Digital may be implementing liquidity adjustments, strategic market plans, or potential sales activities. When large amounts of cryptocurrency are deposited on exchanges, it typically leads to reduced demand for the token and a corresponding drop in its market value. It is expected that Galaxy Digital's actions will have a short-term negative impact on the price of UNI. Traders and market analysts will closely monitor the market to assess the extent of this impact and to understand the company's overall strategies and risk mitigation efforts.



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