The crypto world is buzzing again – on-chain data reveals a surprising surge in activity from large Uniswap (UNI) holders. In the past 24 hours, whale transactions have skyrocketed by a staggering 1,713%, reaching a new weekly high and sparking speculation about a potential price shift.
🔹 Record Volumes: Over 58 Million UNI on the Move
According to analytics platform IntoTheBlock, a massive 58.36 million UNI changed hands in just one day, valued at approximately $431 million. This figure is more than double the previous seven-day high, while the previous low stood at only 3.2 million tokens.
This sudden spike in activity could signal either major accumulation or large-scale sell-offs. In both cases, it’s a clear indicator that big players are preparing for a significant price movement.
🔹 UNI Price Slightly Up, Trading Volume Down
At the time of writing, UNI is trading at $7.42, marking a 0.58% gain over the last 24 hours. Earlier in the day, it peaked at $7.47 before a slight retreat. Interestingly, overall trading volume dropped by 8.76% to $245.82 million, suggesting that traders are cautious despite the whale activity.
🔹 Technical Indicators Suggest Upside Potential
Technical analysis shows that the Relative Strength Index (RSI) is at 54, indicating that UNI still has room to grow before entering overbought territory.
If UNI manages to break through the $7.62 to $7.65 resistance zone, it could push toward the $8 target, especially if supported by rising trading volume.
🔹 Uniswap V4 Upgrade Fuels Market Confidence
The new Uniswap V4 protocol brings significant improvements in gas efficiency, enabling faster and cheaper token swaps. This upgrade enhances the platform's appeal to large traders and reinforces confidence in UNI’s long-term potential as a leading DeFi asset.
🔍 Summary
With whale activity spiking, bullish technical signals, and the rollout of Uniswap V4, UNI is entering a crucial phase. Whether it’s a wave of accumulation or profit-taking, the market is closely watching the moves of the biggest players.
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