Today, March 5, 2025, Uniswap (UNI) has registered an 8% price gain. However, it appears bearish and is poised for a decline, potentially due to a crypto whale dumping UNI tokens.
Whale Dump $40.60 Million Worth of UNI Tokens
Today, blockchain-based transaction tracker Lookonchain posted on X (formerly Twitter) that a prominent crypto whale, Galaxy Digital, deposited 600K UNI tokens worth $4.37 million onto Binance, the world’s largest cryptocurrency exchange.
Galaxy Digital deposited another 600K $UNI($4.37M) to #Binance and #OKX 30 minutes ago.
However, the main concern driving fears of a price drop is that Galaxy has already deposited a significant 5.29 million UNI tokens worth $40.60 million on Binance and OKX over the past week.
Current Price Momentum
With all this, the asset is trading near $7.37, gaining 8% in the past 24 hours. However, during the same period, its trading volume dropped by 35%, indicating lower participation from traders and investors compared to the previous day. This decline was potentially caused by the sell-off and ongoing price fluctuations.
Uniswap (UNI) Price Action and Upcoming Levels
According to expert technical analysis, UNI appears bearish as it is already trading below the crucial support level of $8. With recent price fluctuations, it has retested this level and seems to be consolidating. Based on recent price action and historical patterns, if UNI fails to climb above the $8 level, it could drop by 25% to reach $5.50 in the coming days.
Source: Trading View
As of now, the asset is trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating a bearish trend. This technical indicator helps traders and investors determine whether the asset is in an uptrend or downtrend, allowing them to build their positions accordingly, either on the long or short side.
This ongoing dump by Galaxy Digital has the potential to increase selling pressure, further reinforcing the bearish outlook.
Even after FTX collapse, the exchange isn’t stepping out of the spotlight. In the latest FTX News update, the bankrupt crypto exchange has launched a legal offensive to recover assets in a fresh effort to speed up FTX repayments.
According to a new press release on PR Newswire, FTX has filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind Delysium. FTX claims these firms failed to deliver specific tokens that rightfully belong to its estate, even after multiple reminders and negotiation attempts.
With out-of-court talks failing, FTX is now seeking court orders to force the return of the disputed assets.
More Lawsuits on the Horizon
The legal push may just be getting started. FTX has warned that more lawsuits are coming, targeting other token and coin issuers who are allegedly holding onto assets. The exchange is actively reaching out, but if companies fail to cooperate, they can expect swift legal action.
The message is loud and clear: hand over the assets or prepare for a courtroom battle.
On the other side, Crypto analyst Eva Lenoir throws shade at FTX’s legal move, sarcastically calling it a “sheriff” act. She questions where this energy was when Sam Bankman-Fried was mishandling users’ funds, suggesting the lawsuits against NFT Stars and Delysium come far too late to matter.
Moreover, she also believes that the real losers are small investors who’ll bear the cost. She contrasts the chaos with Bitcoin, calling it strong, unshaken, and still shining.
Why FTX Is Ramping Up the Pressure
The FTX legal team emphasized that every asset recovery counts. Returning these tokens could significantly boost the funds available for FTX repayments to creditors who are still awaiting compensation after the exchange’s catastrophic collapse.
While FTX says it prefers to resolve matters amicably, it has made it clear it will not hesitate to pursue aggressive legal remedies if needed.
In its mission to maximize FTX repayments, the collapsed exchange is taking no prisoners. Lawsuits are now firmly on the table, and more companies could soon find themselves in FTX’s crosshairs.
FAQ
What happened to FTX?
FTX collapsed in November 2022 after it was revealed that the company misused customer funds and faced a massive liquidity crisis. This led to bankruptcy, legal investigations, and major losses for users and investors.
How are FTX lawsuits connected to FTX repayment efforts?
FTX lawsuits aim to recover missing crypto assets from companies and individuals. These recovered assets will directly contribute to increasing the FTX repayment pool for creditors.
What caused the FTX collapse?
The FTX collapse was caused by alleged fraudulent practices, poor financial management, and misuse of customer deposits. When these issues came to light, users rushed to withdraw funds, exposing the company’s insolvency.
Why is FTX suing companies like NFT Stars and Delysium?
FTX claims that these companies failed to deliver tokens that were supposed to be transferred to its estate. After unsuccessful attempts to settle the matter outside of court, FTX is now pursuing legal action to recover these assets.
The post FTX News: Lawsuits Filed to Recover Assets and Boost FTX Repayment appeared first on Coinpedia Fintech News
Even after FTX collapse, the exchange isn’t stepping out of the spotlight. In the latest FTX News update, the bankrupt crypto exchange has launched a legal offensive to recover assets in a fresh effort to speed up FTX repayments. According to a new press release on PR Newswire, FTX has filed lawsuits against NFT Stars …
Shiba Inu (SHIB) trades in the green over the past 24 hours with a modest 4% gain despite whale transactions on the network dropping by a staggering 84%. The sharp drop signals reduced activity from top holders and may suggest waning interest. As whales remain on the sidelines, what’s next for Shiba Inu price? Will
Cardano price reclaims $0.70 as Hoskinson unveils AI agent rollout; on-chain data suggests highly-correlated altcoins like AVAX and LTC may rally alongside ADA.
Cardano Rallies Past $0.70 as Hoskinson Unveils AI-Powered Network Testing
Cardano price climbed 1.5% to surpass the $0.70 mark on Saturday, reversing weekly losses and building bullish momentum.
Over the past 14 days, ADA price has gained 13.3%, driven by investor optimism surrounding a new network update disclosed by Cardano founder Charles Hoskinson.
In a recent post on X, Hoskinson confirmed that Cardano is launching a testnet for its Leios protocol—an advanced initiative aimed at dramatically increasing transaction throughput.
Positioned within Cardano’s 2025 roadmap, Leios is designed to address scalability and prepare the network for post-quantum cryptographic standards.
What sets this testnet apart is the deployment of thousands of AI agents programmed to interact, trade, and simulate high-frequency network transactions
AI Integration Could Push Cardano’s Market Cap Toward $50 Billion
At the time of writing, Cardano trades just above $0.70, valuing the network at $25.5 billion. If AI integration succeeds in delivering its stated scalability goals, Cardano’s valuation could potentially double in the coming months.
Charles Hoskinson shares updates on Leois protocol initiative, May 2, 2025 | Source: X.com
First, the Leios protocol, by increasing network throughput. With faster settlement and reduced latency, Cardano becomes a more viable infrastructure layer for DeFi, gaming, and tokenized real-world assets.
Second, the use of autonomous AI agents aligns Cardano with a growing global trend. Major corporations are investing in AI-powered workflow automation, from logistics to finance. Each of these factors could potential fuel economic activty and capital inflows towards the Cardano network, potentially doubling its market cap from $25 billion to $50 billion in the coming years.
Cardano Rivals to Watch If ADA Market Cap Doubles on AI Momentum
If Cardano’s AI-driven roadmap delivers results, investors may seek exposure to similar assets showing strong correlation to ADA.
IntoTheBlock‘s Correlation Matrix chart below shows top 10 ranked altcoins and their directional movements relative to ADA price over the last 30-days.
Within this context, correlation values closer to 1.0 indicates strong positive correlation. Over the past month, the following tokens have shown high directional movement alongside Cardano.
Litecoin (LTC) shows the strongest correlation with ADA at 0.97.
Avalanche (AVAX) and Shiba Inu (SHIB) each post a 0.96 and 0.95 correlation, respectively, making them top candidates for joint rallies with ATA.
Dogecoin (DOGE) also shows a 0.95 correlation, reflecting shared interest among retail-heavy communities.
Polygon (MATIC), another high-performance layer-2 network, tracks ADA with a 0.90 coefficient, signaling mutual investor confidence in the scalability narrative.
While correlation indicates movement trends, it does not imply causality. However, these have clearly benefitted from the same investor psychology and directional capital flows that lifted ADA price over the last 30-days.
Cardano Price Forecast Today: ADA Eyes $0.76 Target if Bulls Sustain AI Optimism
Cardano price closed at $0.7110 on May 3, staging a 1.85% daily advance despite subdued trading volumes throughout the week. The ADA/USDT daily chart reflects a short-term consolidation pattern as price action remains boxed within the Keltner Channel boundaries between $0.6816 and $0.7607.
This range-bound movement, coupled with a tapering volume profile, points to indecision in the near term.
However, the latest trend still carries a stronger bullish narrative supported by the recent AI agent announcement from Charles Hoskinson, which has injected fresh speculative interest into the network’s future growth prospects.
The MACD histogram continues to trend upward above the zero line, suggesting ongoing momentum. The MACD line itself has crossed above the signal line—a classic bullish setup. However, the shallow angle and muted volume imply a lack of conviction from traders, warranting caution. Cardano price forecast today is moderately bullish in structure, supported by a successful defense of the $0.68 mid-band level.
While short-term upside could be capped at $0.76, sustained optimism around AI-driven decentralization could help ADA reclaim the March highs above $0.90.
