Ethereum News Today: Whale Selling Clouds Uniswap's Long-Term Outlook

Uniswap (UNI), one of the leading decentralized exchange tokens, has recently shown signs of long-term selling activity from large whale holders, according to analysis of on-chain data and market sentiment. The token's price currently stands at $10.04, reflecting a 4.50% decline over the past 24 hours and a 13.02% drop from its 30-day high. Despite short-term fluctuations, UNI has demonstrated resilience in certain timeframes, with a 68.45% increase from its 30-day low. However, on-chain data reveals that the top 10 addresses hold 51.71% of the total supply, signaling high concentration and potential for significant price movements if these large holders continue to offload their holdings.

Technical indicators suggest that UNI is under pressure to hold above the $9.90 level to avoid a further pullback toward $8.76. A breakdown of the token's performance over recent quarters highlights the volatility inherent in the altcoin market. For instance, in Q1 2025, the token recorded a -55.66% return, while a recovery in Q2 brought a 23.94% gain. Analysts at Traders Union, led by Anton Kharitonov, have provided a medium-term forecast projecting the price could reach $12.09 by the end of 2025, with a long-term target of $15.36 by the end of 2029. These projections are based on technical indicators and statistical modeling, with the current D1 (one-day) and W1 (one-week) timeframes both recommending a "Buy" signal.

The broader market context also plays a role in UNI's trajectory. Uniswap currently holds a market capitalization of $6.3 billion and ranks 28 among cryptocurrencies. Its decentralized nature, built on the Ethereum blockchain, differentiates it from traditional exchanges by eliminating the need for order books or centralized oversight. Instead, it relies on liquidity providers who earn fees in return for contributing to pools that facilitate trades. This mechanism has been central to its governance structure, where UNI token holders can influence protocol changes. However, the token’s volatility remains a concern, with a historical maximum drawdown of -92.48% and a 12-month volatility rate of 101.69%.

Exchange data further underscores the token’s current market dynamics. Binance, the largest exchange for UNI, accounts for nearly 50% of the 24-hour trading volume, with a price of $10.06. MEXC and Gate.io also play significant roles, though with smaller percentages. The high liquidity across exchanges suggests that UNI remains accessible, but the dominance of a few large wallets implies that whale activity could trigger sharp corrections if selling pressure persists. For now, the token appears to be consolidating within a range between $9.90 and $10.76, with analysts monitoring key resistance levels for a potential breakout.

The broader altcoin market has seen a recent surge in interest, particularly as Ethereum continues to show upward momentum. This has led to speculation that cross-chain tokens like UNI could benefit from Ethereum’s performance, although the current bearish trend in whale behavior suggests caution. With a total supply of 1 billion coins and a circulating supply of 629 million, UNI’s market structure remains stable, but the risk of large-scale selling remains a critical factor for investors. As the token navigates the remainder of 2025, market participants will be watching closely for signs of sustained buying interest that could reverse the recent downtrend and signal a broader market turnaround.

Source:

[1] Uniswap Price, Chart, Market Cap, UNI Coin Essentials (https://www.coinlore.com/coin/uniswap)

[2] Uniswap Protocol Token (UNI.CPT) - Cryptocurrency (https://www.investtech.com/main/market.php?CompanyID=99402662)

[3] Uniswap Price Prediction for 2025, 2026-2030 (https://tradersunion.com/currencies/forecast/uniswap/)