Explain like you would to a child as to where is all this volume coming from, and who's buying

Explain like you would to a child as to where is all this volume coming from, and who's buying

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If you know you know.

Sushi 8x before its dump. UNI should do similar.

Just look on etherscan bro. It's nothing but nonstop 400 or 800 uni sales than the buys are whales buying 11000 at a time multiple times

Binance and Coinbase, you retard.

What is TETHER?
>exchanges/bucketshops manipulating the price up, as usual

whoever it is money isnt an issue it seems

>coinbase buys up all uni
>votes uniswap shuts down and integrates into coinbase
>uniswap releases v3 with new LPs

this. its not so that they can pump your bags though.

coinbase and millionaire liquidity providers are buying

People that need the money are selling.
>Imagine if you weren't poor. Would you buy this coin? Think about it.

Rich investors understand the future potential of investing in an exchange token (which historically do well) that will most likely offer fee rewards and governance. Uniswap is arguably going to be the biggest future exchange in the biggest paradigm shifting trend (DeFi) we've ever seen in crypto. Poor people are selling and rich people are buying and due to the transparent nature of blockchain you have the luxury of seeing this all transpire.

uniswap is one of the best things that ever happened to crypto and one of the main projects that kickstarted this defi bullrun we had. it's a dex that already achieves more daily trading volume than 95% of all cex's and will undoubtedly keep growing. anyone selling now is making a big mistake

so what? this is a governance token user. what kind of voting do you expect will benefit holders? the protocol fee goes to LPs... you can vote to increase, or decrease that....but what good does that do you? how much do you make providing liquidity? there's a reason exchanges and whales are interested in this...but it's not for us. I doubt very much that it pumps. there's no shortage of selling pressure, nor will there be. it's a non stop flood on the circulating supply.

Imagine buying stake in the internet itself in the 70s

Coinbase, as an early investor, already owns at least 12% of all uni from the giveaway. They probably own up to 20%. They might even be buying more.
Binance is buying heaps too.
If you think these are good things you are mistaken.

kek, imagine being this retarded.

biz is legit retarded. Binance and Coinbase aren't buying UNI because they want to pump this coin and make everyone rich, it's to control the vote. he who controls the vote, controls the LPs and can make or break this exchange.

Uniswap has real users, and 1/4 of all eth transactions. I think this will hit $60-100 eventually.

Governance can vote to implement protocol fees retard. That changes the entire value proposition. Stop thinking like a poorfag.

So what? That alone will pump the price

>Random dex that allows every scam
>Paradigm change
It's done

few understand that those that already know, know.

there already are protocol fees. they go to LPs. so you would vote to increase fees, so that they can be distributed to UNI holders too? it's a billion supply token. how many do you have? sit down and do some math user. crunch some numbers. a 10k stack might bring in a few pennies a day in your wishful scenario. oh wow.

that remains to be seen. I don't think it will though, because there's no shortage of sell pressure. in fact, the flood of tokens has only just begun. did you even look at the token distribution?

This exchange is eerily similar to what people said about COMP and its sudden rise in price. And while I can't deny the appeal of short term profit since I'm a poorfag, I don't really believe that it would be in the best interest of decentralized finance to end up between the hands of CB/Binance which are fundamentally against the very idea of decentralization. I'm still relatively new in crypto but this is what I think.

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CZ and other centralised exchanges - they know they can't beat uniswap since it allows unregulated contracts to be added and traded against. The best they can do is keep the price down or...collect the fees from liquidity pools.

It's not a bad theory. I've also seen the idea of coinbase allowing this immediately to gain a significant size of voting privilege to suppress it's only real competition at the moment.

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coinbase already own a portion of the company that operates uniswap

>unregulated contracts
explain

Nobody is buying it. Uniswap has an intentional bug that the developers have hidden that allows its price to be easily manipulated. Coinbase knows about this, in fact, they helped design and hide the bug.

buying
>people who think uniswap is big and $3.3 is a low price (not mc)
>people who think they are buying for dividends and expecting volume to magically stay on uniswap on years even though taxless alternatives are certain to exist
>subgroup: people that think that uniswap charges eth fees, and/or that uniswap itself gets the 0.3% fee
>people who think it's going to pump because of previous two groups
Selling
>omg I can buy a ps5!!!1
>people that are happy they can feed a whole village now
>people who think uni has a very weak value proposition and expect dumps from them and previous two groups to overwhelm buyers at current prices

this would be the most topkek timeline of all time

Based gatekeeper user.