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Benzinga
Benzinga
Business
Shiv Juneja

Ethereum Tumbles Below $1,000 As 65,000 ETH Are Dumped On Uniswap By Whale

Uniswap Ethereum

Ethereum (CRYPTO: ETH) plummeted to $950 at one point Monday, driven by 65,000 ETH dumped on Uniswap (CRYPTO: UNI).

What Happened: On June 13, ETH fell below the spot price, relative to other exchanges, to $950 on Uniswap. Ethereum, across numerous multiple trading pairs, was unloaded for a plethora of stablecoins such as Dai (CRYPTO: DAI), Tether (CRYPTO: USDT), and USD Coin (CRYPTO: USDC), and was dumped to the amount of 65,000 ETH.

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