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Uniswap’s price drops 9% as whale actions increase

Uniswap experienced a 200% increase in large transactions over the past 24 hours, reflecting heightened whale activity. Despite this surge, UNI’s price fell by 9%. This discrepancy prompts speculation about whether whales are buying or readying to sell, indicating market uncertainty.

The rise in whale activity contrasts with a three-day decline in exchange inflows. This suggests traders are holding rather than selling, possibly indicating confidence in UNI’s future. This conflicting scenario complicates the market, showing divergence between retail traders and MAJOR investors.

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