If Whales Move the Market, UniWhales Is the Whale Whisperer
When Elon Musk changed his Twitter bio to “#bitcoin” last week it moved the market, but not just for bitcoin itself.Users of UniWhales could see big holders making moves in real-time. Matt Aaron, the CEO of UniWhales, sent CoinDesk screenshots showing three big moves of liquidity providers exiting USDC/ETH and USDT/ETH positions on Uniswap. In 11 minutes, $47 million worth of liquidity had exited the Uniswap system right after Musk told the world:“Our thesis is that whales control the market,” Aaron told CoinDesk in a phone call. “People with more money tend to have better information.”UniWhales started in September as a simple Telegram channel with a bot that flagged large buys on Uniswap. That’s why it’s called UniWhales. It started analyzing the moves of big holders (w...