Uniswap flashes bullish signs as UNI whale holdings jump 67% in one month
The post Uniswap flashes bullish signs as UNI whale holdings jump 67% in one month appeared on BitcoinEthereumNews.com. Uniswap price printed a god candle today amid ongoing whale accumulation, while a rounded-bottom pattern was forming on the daily chart. Uniswap (UNI) rallied 23% to an intraday high of $10.75 on July 18 before stabilizing at $10.66 when writing. Its price currently stands over 120% higher than its year-to-date low. Daily trading volume for the token has surged 76% over the past day at $1.6 billion while its market cap stood at $6.39 billion. The token’s price surge today appears to have been fueled primarily by aggressive whale accumulation over the past week. According to data tracked by crypto.news team, whale addresses have bought at least $26.8 million worth of UNI tokens over this week. Additional data from Nansen reveals that whales now hold 5.83 million UNI tokens, up 67.8% over the last 30 days. Source: Nansen The ongoing whale accumulation appears to have sparked a chain reaction, drawing in retail investors as well. According to CoinGlass, open interest in Uniswap’s futures market jumped 27% in the past day, reaching $763.68 million. That’s a big leap from around $240 million back in May, showing more traders are getting involved and placing bigger bets on the token. The funding rate also moved higher, rising to 0.0233% from 0.0049% the day before. This suggests more people are going long on UNI, with traders willing to pay extra to keep their bullish positions open. It shows that traders are growing more confident in a potential upward move and are positioning themselves for further gains. As Ethereum’s largest DEX, Uniswap’s rally has also drawn strength from Ethereum’s sharp rebound over the past week, which lifted market sentiment and revived momentum across the DeFi ecosystem. Total value locked in Uniswap has climbed back above $5.71 billion for the first time since February, after climbing…
The post Uniswap flashes bullish signs as UNI whale holdings jump 67% in one month appeared on BitcoinEthereumNews.com.
Uniswap price printed a god candle today amid ongoing whale accumulation, while a rounded-bottom pattern was forming on the daily chart. Uniswap (UNI) rallied 23% to an intraday high of $10.75 on July 18 before stabilizing at $10.66 when writing. Its price currently stands over 120% higher than its year-to-date low. Daily trading volume for the token has surged 76% over the past day at $1.6 billion while its market cap stood at $6.39 billion. The token’s price surge today appears to have been fueled primarily by aggressive whale accumulation over the past week. According to data tracked by crypto.news team, whale addresses have bought at least $26.8 million worth of UNI tokens over this week. Additional data from Nansen reveals that whales now hold 5.83 million UNI tokens, up 67.8% over the last 30 days. Source: Nansen The ongoing whale accumulation appears to have sparked a chain reaction, drawing in retail investors as well. According to CoinGlass, open interest in Uniswap’s futures market jumped 27% in the past day, reaching $763.68 million. That’s a big leap from around $240 million back in May, showing more traders are getting involved and placing bigger bets on the token. The funding rate also moved higher, rising to 0.0233% from 0.0049% the day before. This suggests more people are going long on UNI, with traders willing to pay extra to keep their bullish positions open. It shows that traders are growing more confident in a potential upward move and are positioning themselves for further gains. As Ethereum’s largest DEX, Uniswap’s rally has also drawn strength from Ethereum’s sharp rebound over the past week, which lifted market sentiment and revived momentum across the DeFi ecosystem. Total value locked in Uniswap has climbed back above $5.71 billion for the first time since February, after climbing…
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