Uniswap's token ($UNI) has slipped below the $10 mark, coinciding with whale activity. This article examines the withdrawals from exchanges and large purchases made.
Current Situation With UNI
Currently, UNI is trading at approximately $9.44, which is **1.7% lower** than the previous 24 hours. The market capitalization stands at about $5.66 billion, while daily trading volume has decreased to $288 million, down **10.4%** compared to the previous day.
Whale Activity Data
Recent events showed that approximately **55,000 UNI** were withdrawn from exchanges in one day, significantly exceeding the **37,000** tokens withdrawn the day prior. A whale spent **$2.3M** in USDC to acquire **153,975 UNI** valued at **$1.5M** at a price of **$9.74**.
Future of UNI Token
Technical charts indicate the level of $8.74 as an accumulation zone, while the token has the potential to approach **$10.20** in the coming weeks, assuming market conditions remain stable.
Given the current market conditions and whale activity, the recent withdrawals from exchanges and large purchases may suggest preparation for a potential price increase for UNI.
