Uniswap Whales Quietly Bought 12.4M UNI: What's Next for Price?

Uniswap (UNI) has seen significant activity from large holders in recent weeks. The top 100 wallets have accumulated 12.4 million UNI tokens over the past eight weeks, signaling a shift in market sentiment. This level of accumulation is historically associated with potential price surges.

The price of UNI has remained relatively flat despite the growing positions of these whale wallets. This divergence between whale activity and price movement is a notable development, as previous accumulation phases have often led to immediate price reactions. Analysts suggest this could indicate the market is waiting for a catalyst before reacting.

If Bitcoin's rally continues, it could provide the necessary lift for UNI to push higher. A surge in Bitcoin could align broader market conditions with the ongoing accumulation trend, potentially triggering a breakout. This scenario has occurred in the past, such as in July and August of 2025.

Why Is Whale Activity Outpacing Price Action?

Whale accumulation often precedes significant price movements. The current trend suggests that large holders are positioning themselves for a potential price rally. This behavior is supported by the historical correlation between whale activity and price surges.

The recent accumulation by the top 100 wallets has not yet translated into a corresponding price movement. This lag could indicate that the market is coiled, with the potential for a sudden price spike once a catalyst emerges. Traders are closely watching for signs of such a catalyst.

A key factor to monitor is Bitcoin's performance. If Bitcoin continues its bullish trajectory, it could provide the necessary momentum for UNI to break out of its current price range. This would align broader market conditions with the ongoing accumulation by whales.

What Resistance Levels Are Traders Monitoring?

UNI is currently facing a critical resistance level between $6.5 and $7.0 USDT. This zone has seen significant market activity and a break above it could pave the way for a more substantial rally. The 50-period moving average is still below the 200-period moving average, indicating a bearish phase. However, recent upward movement suggests a potential reversal.

If UNI breaks through the $7.0 USDT mark, the next targets lie in the $8.0–10.0 USDT range. This level is expected to have high liquidity, making it a key area for traders to watch. The Relative Strength Index is currently neutral, suggesting the price has room to move higher without becoming overbought.

The broader market conditions, including Bitcoin's performance, will be crucial in determining whether UNI can overcome these resistance levels. A sustained rally in Bitcoin could provide the necessary tailwind for UNI to break through and reach these higher price targets.