SUSHI Faces Massive Sell-off Following Uniswap’s Token Launch

[Dociko]

SUSHI was among the worst-performing cryptocurrencies on Thursday as the decentralized finance token faced a severe competitive threat from a rival.

Uniswap, a decentralized trading platform that inspired the launch of SUSHI’s parent project, Sushiswap, launched its governance token, UNI, Wednesday night.

Against the expected supply of 1 billion, Uniswap dispatched 150 million UNI tokens for users that have used or supported its exchange. At the time of distribution, an average UniSwap was receiving $1,344 worth of UNI tokens.
Details: https://www.newsbtc.com/2020/09/17/sushi-faces-massive-sell-off-following-uniswaps-token-launch/