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.
I feel that with the current trading volume and total capitalization of UNI there is nothing to worry about as this coin has only been around for 2 days and has made a strong impression on everyone.
I still find this to be a good option for you to invest now as whales are holding this coin a lot and I have bought UNI since the coin was at $1. Of course, I also made a lot of money from this Airdrop program but I still haven't sold it yet as it is certain that UNI will reach 10$ soon.