A considerable step in the direction of decentralized finance (DeFi) that has been taken is the accumulation of large quantities of DeFi tokens by holders of substantial amounts. Of late, some noteworthily large purchases of $UNI, $MKR, and $AUCTION tokens have been made, with the bulk of those acquisitions coming from direct withdrawals from Binance. The recent uptick in whale activity across the DeFi space has given some pause for thought about the kind of influence these largely held tokens may have on the future trajectory of the DeFi market and the bare tokens that essentially make it up. Whale
The post Fresh Whale Activity Shows Surge in DeFi Token Accumulation: AUCTION, UNI, and MKR Withdrawals from Binance appeared first on The Merkle News.
