Uniswap time-lock contract releases 27.9 million UNI, part of which has been transferred to the exchange

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MarsBit
03-27
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Mars Finance News: According to Yuji monitoring, Uniswap's time-locked contract released 27.9 million UNI tokens (approximately $192 million) to two addresses 5 days ago. Among these, 750,000 UNI tokens (about $5.02 million) were transferred to Binance exchange 6 hours ago. Such large token unlocks entering exchanges typically indicate potential selling pressure. Currently, UNI's circulating supply is about 740 million tokens, with this release accounting for 3.77%. The Uniswap Foundation previously stated that such unlocked funds are primarily used for ecosystem development and community incentives.

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