On April 9, Uniswap team/early investor associated wallet sold 15,000 UNI worth $167,000 at an average price of $11.18 before UNI token dropped 16% on April 11

On April 9, 2024, a wallet associated with Uniswap developer team/early investor sold large number of UNI tokens. 

A blockchain detective Ai 姨 noticed that a crypto wallet sold unlocked UNI tokens that previously Uniswap unlocked Uni token.

Ai 姨 posted on X saying that:

“Nine hours ago, the Uniswap team/early investor associated wallet sold 15,000 UNI worth $167,000 at an average price of $11.18.

This address has sold a total of 265,000 UNI since 2024, with a total value of $2.48 million. It still holds UNI worth $3.84 million.”

Wallet address: 0XA1AC3F9422ADDF8E80101CA0E812785CF0240C78 

Uniswap team/early investor associated wallet sold 15,000 UNI worth $167,000 before UNI token dropped 16% on April 11.

On March 10, 2024, the United States Securities and Exchange Commission (SEC) sent a Well notice to Uniswap Labs.

The U.S. SEC issues a warning letter to Uniswap Labs, signaling preparation to sue the company.