UNI and SUSHI’s Response to FTX’s $10 Million Token Transfer: A Deep Dive
The FTX-associated wallet moved liquidity of about $10 million from Solana to Ethereum, which has a long-term effect on Ether-based AMMs. Uniswap (UNI) dropped about 2.4 percent in 24 hours and its immediate hard fork SushiSwap (SUSHI) gained about 1 percent in the same period. Insolvent cryptocurrency exchange FTX has transferred about $10 million of […