Uniswap's UNI Token Surges 8.6% as Whale Buys 400,000 Tokens

Uniswap's UNI token has recently experienced a notable resurgence in demand, with buyers returning to the market. The token has shown strong support at the $6.00 level, indicating a bullish sentiment among traders. A significant event that underscored this bullish sentiment was a large whale purchasing over 400,000 UNI tokens on Binance, which caused the token's price to bounce from $5.80 to $6.30. This massive purchase signals confidence in the market, as this whale views the current value as cheap enough to take a strategic position.

The bullish sentiment is further reflected in the futures market, where over 78% of Uniswap Futures contracts are long, indicating a strong bullish bias among traders. This high demand for the altcoin is also evident in the spot market, where buyers purchased 3.18 million UNI tokens, resulting in a positive imbalance of 907,000 UNI. This suggests that buyers are dominating the market and reflects a strong demand for the altcoin.

However, despite the positive momentum, traders are advised to exercise caution before making significant moves. The token's price has been volatile, with an 11% swing amid escalating trade tensions. This volatility began early in the day and has since stabilized, with UNI quickly reversing course and climbing back to $6.18. This recovery suggests strong dip-buying interest and a potential continuation of the uptrend.

The recent price action of UNI has been characterized by a temporary breakdown, followed by a swift recovery. This pattern indicates that the token has strong support levels and that buyers are eager to capitalize on any dips. The reclaim of the $6.10 zone is seen as a positive sign for bulls, with momentum building towards a potential breakout above $6.59. However, traders should be mindful of the potential for further volatility, as the token could test the $8.59 support level if the correction deepens. A breakdown below this threshold could push the token to $7.00, highlighting the importance of monitoring key support and resistance levels.

Institutional investors have shown mixed signals on UNI, with global trade tensions fueling sharp price movements. The token's price prediction for the coming years shows that UNI could reach a high of $10.90 near the end of 2025, with further gains expected in subsequent years. However, these predictions should be taken with caution, as they are based on analyst forecasts and not guaranteed outcomes. Traders should focus on the current market conditions and technical analysis to make informed decisions.

The broader cryptocurrency market has also seen significant movements, with Ethereum showing relative stability compared to other altcoins. Ethereum's performance has been characterized by a sideways movement, with minor daily losses but overall strength on a monthly scale. The key resistance level to watch for a potential breakup is $2,788, with a surge above this level potentially rallying the market through $3,000 to retest the $3,213 level. Conversely, if the price continues to decline, especially below the important $2,320 support, the lower discount price to keep in mind would be the $2,104 and $1,873 support levels, bringing a retest at the broken resistance line.

On-chain trading and the movement of smart money have been diversifying, with a balance of maturity and speculative experimentation. The bulk of smart net buying is concentrated on Ethereum and Base, attracting serious attention from high-level wallets and advanced trading operations. Leading the charge of top performers are established DeFi projects like Maker (MKR), Aave (AAVE), and Uniswap (UNI), which directed net inflows on Ethereum toward those assets. These inflows underscore a trend of allocating money with caution, with capital flowing into dependable and useful projects.

Beyond the conventional DeFi assets, new stories are starting to pull in attention. SPX6900, a meme coin on Ethereum, notched up significant net smart money buys, placing it firmly in the top five. The AI agent category is topped by AIXBT, which also leads in Base-based assets. Its growing traction is part of a larger movement in DeFi toward on-chain automation and artificial intelligence. As DeFi users seek new ways to generate yield, AI-native protocols and agent-driven financial tools are likely to see sustained and perhaps even burgeoning interest.