Over the past few weeks, I think I have been bored of hearing uniswap here and there and it seems like it has been a trend among the community. I just have noticed through coinbase it has increased 75%. What has happened actually?
A strange situation is happening now with UNI tokens. Airdrop was distributed to a huge number of people who sell their tokens immediately despite the price. This is a very large number of coins. At the same time, the price continues to grow.
It seems to me that someone purposefully buys all tokens from the market in order to increase the price of the token. I would be wary of investing in UNI right now.