UNI accumulation on Binance, Uniswap's native token, has never been this strong in five years as it is during the current dip.

This chart tracks the strength of that accumulation through the daily outflows generated by the largest transactions on Binance.

It was notably when UNI's price recently approached $3 that the average outflow from the ten largest daily transactions on Binance hit record highs.

For reference, the token had peaked above $43 in 2021; it now shows a drawdown of over 93%, currently trading around $3.

Over this period, we recorded a monthly average of 7,300 UNI leaving Binance daily via this top 10 of transactions, a five-year record.

That average remains elevated today, with 5,600 UNI accumulated daily by this same group of transactions.

Despite a tough environment for altcoins, some are still drawing attention, particularly those being accumulated most aggressively by whales.

Written by Darkfost