Uniswap Basis has dumped practically 10 million UNI tokens, price greater than $40 million, to crypto exchanges over the previous week, in keeping with on-chain knowledge.

Blockchain analyst Lookonchain reported that the Basis transferred 3.4M UNI tokens, valued at $14.1 million, to OKX, and three million UNI tokens, equal to $13 million, have been despatched to Kraken’s Wintermute handle.

Moreover, the Basis moved 3.4M UNI tokens, round $14 million, to FalconX, an institutional crypto buying and selling platform.

Different blockchain analytical platforms, together with Peckshield and Spot On Chain, corroborated the fund motion.

The timing of those transactions has raised issues within the cryptocurrency group, particularly given the latest bullish pattern within the general crypto market. Sometimes, transfers to exchanges are considered as potential promoting indicators, which may add additional downward strain on the digital asset.

In the meantime, the Basis has but to subject public statements relating to these transfers. Nonetheless, ScopeScan urged that these transactions have been carried out for spending and operational functions.

Regardless of these transactions, the UNI worth seems unaffected because the decentralized change (DEX) token trades for $4.21 as of press time, in keeping with CryptoSlate’s knowledge.

Information from Etherscan exhibits that Uniswap’s Basis pockets nonetheless has about 1.314M UNI tokens, valued at $5.49 million, as of press time.

Uniswap generates greater than $500k in 2 weeks

Uniswap’s latest implementation of a 0.15% swap charge, although met with appreciable controversy within the crypto group, has confirmed financially fruitful, raking in over $600,000 in only a fortnight.

Information sourced from the Dune Analytics dashboard by MarcoV confirmed that Uniswap’s up to date charge construction has gathered a considerable income of $623,101. The main pair accountable for the lion’s share of those charges is the USDC-WETH pair.

This substantial income primarily originates from swaps carried out on the Ethereum (ETH) blockchain community and supported by these on layer2 networks, together with Optimism (OP), Polygon (MATIC), and Arbitrum (ARB).

Uniswap Labs has indicated that these charges can be allotted to bolster ongoing analysis, growth, and growth of the platform.