Uniswap drops 17% as whales sell off, Hedera and Chainlink rival on the rise

Famous decentralized exchange (DEX) Uniswap saw a 17% drop as whales sold their large cryptocurrency holdings in a major period of regulatory scrutiny. However, contrary to this chaos, Borroe Finance (ROE) It is a trend with great force, creating a new status quo and attracting the attention of investors.

Uniswap faces regulatory scrutiny

Uniswap, a common decentralized exchange, went through some difficulties, with its price dropping around 17%, which likely points to major investors, known as “whales,” selling a substantial amount of tokens after the SEC went into action. scene.

Among the reasons for the market turbulence is the fact that Uniswap received a Wells Notice from the SEC, suggesting that legal action may be on the way. This news caused investors to sell.

The massive selling action by the whale group of over 5 million UNI tokens can be considered as one of the main causes of the significant drop in UNI price to $7.00, revealing a gross loss of almost 41 % of the price in a single month.

The SEC's regulatory oversight poses a major challenge for Uniswap, raising questions about the platform's compliance with securities regulations and their practical effects on the entire DeFi industry at large.

Hayden Adams, the founder of Uniswap, expressed his displeasure against the SEC's actions, underscoring Uniswap's commitment to effective market performance and safeguards for investors. He also said the exchange will resist regulatory actions or anything that threatens to bring it down.

The issue became clearer when decentralized exchanges became caught in the regulatory flux, inhibiting their ability to maintain market stability amid increased surveillance.

Currently, Uniswap (UNI) is trading at $7.16, with a 41% price drop in the last 14 days.

Borroe Finance (ROE) Presale

Borroe Finance (ROE), the ai-powered funding marketplace, has had an outstanding performance in its final pre-sale stage, securing over $3.7 million in funding. The current pre-sale prices the ROE altcoin at $0.020 per token, supporting the level of focus that has gone into the fundraising.

The standout feature of Borroe Finance (ROE) compared to other peer altcoins is the fusion of its ai essentials with nft capabilities. This has generated widespread support within the cryptocurrency world. The flexibility of the tokenized offering has undoubtedly played an important role in the recent sale.

Borroe Finance (ROE), an innovative fundraising platform running on the Polygon blockchain, keeps up with the pace of technological advancements. It fosters the opportunity for businesses to earn future revenue through tradable nfts, making money quickly available for development and expansion.

Borroe Finance's nft marketplace offers an alternative means of liquidity injection to creators who are connected to projected future revenue streams. The ROE token, built as a deflationary asset, maintains the concepts of scarcity and continuous value appreciation, attracting investors who know the essence of HODLing.

Led by Web3 and fintech industry veterans Maxim Prishchepo and Michael Price, Borroe Finance (ROE) continues to operate according to its principles, trust and will to succeed. The staff's experience in constructive platforms sets them apart from the superficial hype-driven coin offerings in the Web3 space.

Through its BlockAudit certification, transparency and security have been created. Additionally, the project's publicly visible smart contract helps build trust.

To learn more about this project,ai/?utm_source=PR&utm_medium=organic&utm_campaign=btw&utm_content=3″ rel=”nofollow” target=”_blank”> visit the Borroe Finance pre-sale or join the community through Telegram | twitter

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