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According to a study, there is a growing belief among traders and analysts that they will not be able to replicate their performance with DeFi tokens during the 2021 bull cycle.
From UNI to PEPE: A Journey
The study indicates that there is evidence of this in the past as well. On April 30, another significant event occurred. A cryptocurrency whale sold all his Uniswap (UNI) tokens. Right after this sale, the whale purchased 329.3 billion Pepe (PEPE) tokens and withdrew them from Binance.
It is also worth noting that during the time the whale held UNI, he made a profit of 7 million dollars. However, considering that the expected bull run for altcoins did not occur, it would not be wrong to say that the whale’s move away from UNI paralleled a decrease in confidence in altcoins.
PEPE and UNI Comparison
On the other hand, this whale’s accumulation of PEPE indicates a long-term bullish expectation for meme coins. However, this decision may not have been a big surprise for analysts following PEPE.
When examining the price performance of both tokens, this situation justified PEPE investors. As of the time of writing, PEPE’s year-to-date (YTD) performance showed an increase of 420%.

On the other hand, an examination on the UNI side revealed that it has been trading at almost the same price since the beginning of the year. Despite the emerging data, the market value of DeFi tokens reached 104.48 billion dollars. On the meme coin side, this value was at 49.50 billion dollars.
Moreover, this difference, due to the more robust growth of meme coins last year, seems to present an unclear picture. Additionally, when examining the number of investors, UNI appears to have more investors.
The number of investors in PEPE is calculated to be 211,000, while for UNI, it is 381,000. However, numerical analyses, including market value, seem to not clearly show the situation.

PEPE and UNI Price Analysis
As of the time of writing, the price of PEPE, following a 6.57% decline linked to the drop in Bitcoin, was trading at $0.000006647.
During this period, the market cap of PEPE decreased to 2.8 billion dollars while the 24-hour trading volume increased by 29% to 833 million dollars. This was interpreted as investors possibly engaging in short selling.
On the other hand, UNI experienced a drop of over 7%, trading at $7.11. This price reflected in the market cap, which decreased to 4.255 billion dollars, while the 24-hour trading volume decreased by 35% to 127 million dollars.
The post first appeared on COINTURK NEWS: Shifts in DeFi Market Dynamics

,您也可以在COINTURK NEWS 上閱讀此新聞： DeFi 市場動態的轉變根據一項研究，交易員和分析師越來越相信，他們將無法在2021 年牛市週期中使用DeFi 代幣複製其表現。 UNI到 PEPE：一段旅程 該研究表明，過去也有證據表明這一點。 4月30日，又發生了一件大事。一名加密貨幣鯨魚賣掉了他所有的 Uniswap (UNI) 代幣。此次出售後，鯨魚購買了 3,293 億個 Pepe（PEPE）代幣，並將其從幣安提現。然而，考慮到山寨幣預期的牛市並沒有發生，可以說鯨魚遠離 UNI 與山寨幣信心下降並行。然而，對於關注 PEPE 的分析師來說，這項決定可能並不令人意外。截至撰寫本文時，PEPE 的年初至今 (YTD) 業績成長了 420%。儘管數據不斷湧現，但 DeFi 代幣的市值仍達到 1,044.8 億美元。在 meme 幣方面，這一價值為 495 億美元。另外，從投資者數量來看，UNI的投資者數量似乎更多。然而，包括市場價值在內的數值分析似乎並沒有清楚地表明這種情況。在此期間，PEPE的市值下降至28億美元，而24小時交易量則成長29%至8.33億美元。這被解讀為投資者可能進行賣空。這一價格反映在市值上，市值下降至 42.55 億美元，而 24 小時交易量下降 35% 至 1.27 億美元。