What’s next for Uniswap token as top six addresses keep UNI holdings out of circulation?

Uniswap’s governance token for the protocol, UNI, was launched in 2020.

Uniswap ’s governance token UNI has an actual circulation of only 25% even after full unlock. On-chain data provider EmberCN says the community treasury received 430 million UNI, and only 7% entered circulation. Top six holders of Uniswap have not shed their UNI tokens yet. UNI erases over 3% value on Wednesday, trades at $6.528. In the last four years, even as the entire supply of UNI has been fully unlocked, only 25% has entered into circulation as of Wednesday.

Uniswap top holders The rest of the tokens remain untracked, within cold wallets or exchange wallets of entities. A mere 7% of the tokens distributed to the community treasury entered circulation, contributing to low selling pressure on Uniswap across exchange platforms.

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