Crypto Exchange Sells Off UNI and LDO Tokens Worth $4 Million

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A defunct crypto exchange has sold off 488,250 UNI tokens and 1,097,482 LDO tokens, valued at approximately $4 million. The sell-off followed a court approval allowing the exchange to liquidate its assets. UNI is experiencing a modest recovery, while LDO has shown a remarkable upward trajectory.

has been shaking up the market lately by selling off some of its holdings. According to a recent report, among the assets sold by the defunct exchange wereAs per data tracked on Etherscan, the exchange shifted 488,250 UNI tokens, valued at approximately $2 million. Additionally, it moved 1,097,482 LDO tokens, which were also estimated to be worth nearly $2 million.

However, this recent upturn wasn’t sufficient to transition UNI into a bullish trend, as suggested by its Relative Strength Index .indicated a remarkable upward trajectory in contrast to UNI. However, a minor setback of 1.12% was observed on 26 October. This was followed by a more significant decline of almost 2% on 27 October.

 

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