According to WhaleStats, Uniswap has become the most traded asset in Coin Whale, or the 1,000 largest BSC addresses on the network, with more trading volume than Ether.
Just in: $UNI @Uniswap has surpassed $ETH as the most traded token of the 1000 largest #BSC whales 👏👏$UNI is currently at $9.76, up 10.4% in the last 24 hours 🚀🚀🚀Whale Rankings: https://t.co/Uc1nehVFyZ pic.twitter.com/nLyxvfpoZU
Uniswap also remains one of the top 10 most used smart contracts in Coin Whale. On top of that, UNI is currently the most widely held token among the top 1000 ETH wallets, meaning that almost every large wallet holds at least one Uniswap token.
Courtesy: Whale Stats
The high popularity of the whale layer address is most likely caused by the nature of the asset, which is a utility token for the Uniswap decentralized exchange. To use the exchange, users must spend UNI tokens after purchasing them using Ether.
Whales continue to shift amid market uncertainty
The WhaleStats cryptocurrency platform, which collects data on large investors who hold certain cryptocurrencies, shares a list of the top 10 cryptocurrencies purchased by the largest 1,000 ETH whales in the last 24 hours. ETH, MATIC and a number of other coins are on that list.
The tracker also shared several tweets about tokens purchased by top whales regarding MATIC, Yearn.Finance and other tokens, indicating an increase in holdings amid market uncertainty.
According to U.Today, a total of $15 billion in different cryptocurrencies were transferred to cryptocurrency exchanges during the massive market sell-off that caused the entire cryptocurrency market to fall an average of 13 percent.
Among the information provided, exchanges saw inflows of about $15 billion in cryptocurrencies such as ethereum, bitcoin and USDT last week. This shift in behavior is likely related to the performance of bitcoin, which has fallen sharply over the past week. Alternative cryptocurrencies, especially most of the top 100, also lost value in the market correction and were down at press time.