Uniswap is one of the top 10 most used smart contracts among Binance whales
According to WhalesStats data, Uniswap became the most traded asset among Binance whales, or the network’s top 1,000 BSC addresses, toppling Ethereum in trading volume.
Uniswap also remains one of the top 10 most used smart contracts among Binance whales. In addition to this, UNI is currently the most widely held token for the top 1,000 ETH wallets, which means that almost every large wallet holds at least one Uniswap token.
The high popularity among whale-level addresses is most likely due to the nature of the asset, which is a utility token for the decentralized exchange Uniswap. To use the exchange, users must spend their UNI tokens after purchasing them with Ethereum.
Whales continue transfers amid market uncertainty
WhaleStats crypto platform, which collects data on big investors holding certain cryptocurrencies, has shared a list of the top 10 cryptos that have been bought by the largest 1,000 ETH whales in the last 24 hours. ETH, MATIC and a few other coins are on that list.
The tracker also shared a few tweets about token purchases by top whales regarding MATIC, Yearn.Finance, and other coins, suggesting a buildup amid market uncertainty.
According to U.Today, during the massive market sell-off that resulted in an average 13% loss on the entire cryptocurrency market, a total of $15 billion worth of different cryptocurrencies was shifted to cryptocurrency exchanges.
In the information presented, exchanges have seen around $15 billion in inflows of currencies such as Ethereum, Bitcoin, and USDT over the past week. Such a change in behavior is most likely related to Bitcoin’s performance dropping drastically over the past week. Alternative cryptocurrencies, especially most of the top 100, were also losing value amid the market correction and trading at press time.
