Whales Accumulate UNI, Bullish Breakout Ahead
Key Takeaways
- A major Uniswap investor (whale) has withdrawn approximately USD 13 million worth of UNI tokens from Binance over the past five days.
- UNI exchange reserves have dropped by 8.1% — indicating long-term holding strategies.
- Technical indicators suggest an imminent price movement.
- Network activity and new wallet creations are on the rise again.
- Whales are increasingly dominating the circulating supply of UNI.
Whales Pulling Back – A Bullish Signal?
Over the past five days, 2.16 million UNI tokens worth nearly USD 13 million have been withdrawn from Binance. USD 7.37 million of that was moved within just 24 hours. These movements suggest that large investors are transferring their holdings to private wallets — intending to hold rather than sell.
At the same time, UNI reserves on centralized exchanges have decreased by 8.1%. This points to a supply shortage on trading platforms. Historically, such developments have often preceded price increases.
Technical Analysis: UNI on the Verge of a Breakout?
The UNI price is currently moving within a symmetrical triangle. This formation occurs when higher lows and lower highs converge. Such patterns often indicate an upcoming directional move.
The MACD (Moving Average Convergence Divergence), a technical trend indicator, is currently showing sideways movement near a potential bullish crossover. Price action is compressed — a breakout appears likely.
Changing Holder Structure: More Control by Whales
Over the past 30 days, the share of UNI tokens held by large investors has increased by 6.86%. Meanwhile, the share held by retail investors dropped by 2.76%, and that of mid-sized investors fell by 7.96%.
This shift suggests that major market participants are increasingly taking control of the supply. This can lead to more deliberate price movements, as there is less random volatility caused by many small transactions.
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Network Activity on the Rise Again
The number of new wallets has increased by 9.89% over the past seven days. Active addresses also rose by 2.74%. This indicates that interest in Uniswap is growing again, even though the price is currently moving sideways.
An increase in network activity is often an early indicator of rising usage and transaction volume. This, in turn, strengthens the fundamental valuation of the project.
Long-Term Accumulation Despite Short-Term Fluctuations
While net inflows have declined by 15.78% over the past seven days, the 30-day comparison tells a different story: Net inflow among large holders has increased by 11.40%. This shows that despite short-term caution, accumulation is ongoing.
The netflow-to-exchange ratio remains positive. This means that most large transfers are moving away from centralized exchanges — another sign of long-term holding intentions.
Our Assessment
Current on-chain data and technical indicators point to an imminent price movement for UNI. Whales are accumulating, exchange reserves are decreasing, and network activity is picking up again. This combination suggests growing conviction among long-term investors.
If the price breaks out of the current triangle pattern to the upside, it could mark the beginning of a new upward phase. As an investor, it’s worth keeping a close eye on UNI in the coming days.
Sources
- IntoTheBlock
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