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Home » Anticipating Uniswap’s Robust Performance: $16M UNI Whale Purchase and V4 Launch Ignite Rally
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Anticipating Uniswap’s Robust Performance: $16M UNI Whale Purchase and V4 Launch Ignite Rally

By adminFeb. 7, 2025No Comments4 Mins Read
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Anticipating Uniswap's Robust Performance: $16M UNI Whale Purchase and V4 Launch Ignite Rally
Anticipating Uniswap's Robust Performance: $16M UNI Whale Purchase and V4 Launch Ignite Rally
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Uniswap’s price has experienced an interesting development as a significant cryptocurrency whale purchased approximately 1.7 million UNI tokens worth $15.54 million over a four-day period. The purchase was made through withdrawals from Binance, indicating an increase in investor confidence in UNI.

The recent launch of Uniswap v4 has also brought optimism, particularly due to its efficiency improvements and cost savings. This is a significant moment for the decentralized exchange (DEX) and could have a substantial impact on decentralized finance (DeFi).

The accumulation of UNI tokens by the whale indicates growing interest in the asset. On February 7, 2025, the blockchain analytics platform Lookonchain reported that the whale had withdrawn 1.7 million UNI tokens from Binance between February 3 and February 7, 2025. This accumulation, valued at approximately $15.54 million, was one of the most significant UNI transactions in recent weeks.

Historically, whale transactions of this magnitude have been closely monitored as they often signal confidence in the future price of an asset. The timing is also noteworthy, as UNI’s price increased from $9.14 on February 3 to $9.17 on February 7, according to CoinGecko. Although this price movement is small, the whale chose to move such a large amount from the exchange, indicating a preference to hold rather than trade immediately.

The market reacted swiftly, with UNI’s volume on Binance increasing by 12% within 24 hours after the whale’s initial withdrawal. On February 4, the UNI/USDT volume increased by 5%, and the UNI/BTC volume increased by 3%, indicating heightened trading activity.

Technical and on-chain insights support bullish sentiments for UNI. At the time of the accumulation, UNI’s technical indicators reflected a bullish trend. The Relative Strength Index (RSI) rose above 70 on February 6, signaling that the asset was approaching overbought conditions, but it has since fallen below 50 in recent trading sessions. Nevertheless, UNI is still on an upward trajectory. Additionally, the Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover on February 5, with the MACD line moving above the signal line, typically indicating continued upward momentum.

Another important metric is the increase in UNI holders, which grew by 2% over the past week, reaching 306,000 unique wallet addresses, according to Etherscan data. This rise in holders suggests a broader market interest and a potential expansion of UNI’s user base.

Looking ahead, the trading trajectory for UNI appears to depend on its ability to maintain key support levels and break through resistance points decisively. Market analyst CW from platform X recently projected a more optimistic scenario, with UNI’s first target price potentially reaching $20.

In addition to whale activity, the launch of Uniswap v4 has generated significant attention. The upgrade, which took place on January 31, 2025, brought several improvements to trading efficiency and costs. One of the most significant improvements is a substantial reduction in gas fees compared to v3.

According to Uniswap Labs CEO Hayden Adams, creating a liquidity pool on the mainnet with v3 previously required 5,165,447 gas, costing approximately $57.42. With v4, the same action now only costs 431,860 gas, or around $4.63. Lower gas fees make the platform more appealing to liquidity providers and traders and could lead to increased activity on the network.

Uniswap v4 also supports multiple chains, including Ethereum, Polygon, Arbitrum, Base, Binance Smart Chain, and Avalanche. This enhances Uniswap’s position in the DeFi landscape, providing a more efficient trading experience.

Based on observed and anticipated market behaviors, UNI may initially aim to test the $12 resistance level. Success in breaking through this level could pave the way for a rally towards $16. However, failure to do so could result in a retest of support levels at $9 or $8, depending on broader market trends and investor confidence.

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