Uniswap (UNI) has been stable since the October 10 market crash, but volatility remains. Decentralized exchange (DEX) tokens have struggled to regain their previous momentum, reflecting widespread uncertainty across the altcoin market. Analysts remain divided on its near-term outlook, with some seeing Uniswap as a key driver of the Ethereum DeFi ecosystem and a potential leader in the next phase of recovery, while others warn that prolonged liquidity stress and decline in trader activity could cause further disruption down the road.
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Despite this cautious backdrop, new on-chain data suggests that change may be afoot. According to CryptoQuant insights, the Binance whale is becoming increasingly active on UNI, with large trades and outflows surging to multi-month highs. Historically, this type of whale behavior has been associated with accumulation phases and strategic repositioning by large corporations, especially when coupled with large-scale foreign exchange outflows.
Uniswap's fundamentals are strong, with trading volumes and user engagement steadily recovering, so new whale activity could indicate that the smart money is secretly preparing for the next market. It remains to be seen whether this accumulation signals the early stages of a trend reversal or just a temporary pause before further volatility.
Uniswap exchange outflows hit the highest level in months
In recent days, there has been a notable increase in large-scale activity for Uniswap’s native token, UNI, indicating renewed interest from major market participants. According to CryptoQuant’s on-chain data, whale wallets (usually identified by the top 10 largest transactions) have begun to drain significant amounts of UNI from Binance. These outflows represent transfers from exchange wallets to external addresses, and this behavior often indicates accumulation or long-term repositioning by large holders rather than short-term transactions.
The data highlights a daily peak of 17,400 UNI pulled from Binance and a monthly peak of 5,250 UNI, marking a three-month high in whale activity. Historically, such spikes in outflows tend to occur during accumulation phases as whales seek to reduce their exposure to centralized exchanges and secure their tokens for long-term holding or staking opportunities.
The new move comes at a time when UNI is still digesting the market correction that began in July, with prices stabilizing but failing to regain strong upward momentum. Analysts are interpreting this surge in whale activity as a potential early indicator that confidence in the asset is returning. If this situation holds, it could mark the beginning of a structural reversal, a transition from post-crash consolidation to new accumulation and early stages of recovery.
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UNI Price Analysis: Consolidation continues as whales re-enter the market
Uniswap (UNI) continues to consolidate around the $6.50 level after a sharp correction that started in July 2025. The weekly chart shows an extended sideways movement following a break from the $12 resistance zone where the bullish momentum previously failed to sustain. Despite multiple attempts to bounce back, UNI is still below its 50-week moving average and 200-week moving average, both of which are now dynamic resistance levels.
Recent price movements reflect investor hesitation, with the broader market still digesting the effects of the October 10 crash. However, volume analysis shows that selling pressure is starting to subside, suggesting that sellers are exhausted and accumulation may be forming at current levels.
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From a technical perspective, the $6.00-$6.20 zone serves as immediate support, but a decisive recovery above $8.00 is required to shift the market structure towards a potential medium-term recovery. Interestingly, the recent whale accumulation reported by on-chain data coincides with this stabilization phase. This is a pattern often seen near periodic bottoms.
If Uniswap holds support and market sentiment improves, UNI could retest the $10-$12 zone in the coming months. Conversely, failure to sustain above $6 could open the door for a retest of the lows of the 2024 range around $4.
Featured image from ChatGPT, chart from TradingView.com
