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- The wallet’s activity suggests confidence in Uniswap’s governance token UNI and could signal significant upward price pressure if accumulation continues.
- Market analysts project bullish momentum for Uniswap, with a potential high of $30.94, though it may stabilize around $25.29 under regular market conditions.
A deep-pocketed investor has been aggressively buying up Uniswap’s native token, UNI, a blockchain tracking firm said. Lookonchain said that an unknown whale withdrew 1.7 million UNI, worth approximately $15.54 million, from Binance in recent days, citing data from the on-chain analytics platform Arkham.
Large Uniswap Whale Makes Major Accumulation
The identity of the investor is not known, but Arkham’s data shows that the same wallet is holding $15.8 million in Tether (USDT). Notably, this wallet was created just two weeks ago, which may indicate this entity is getting ready to make a big market move.
Large-scale accumulations like this often exhibit confidence regarding the asset’s future price performance. If this whale continues to accumulate UNI, then it might also build upward price pressure on the token’s price.
Uniswap is the world’s second-largest DEX by volume, according to CoinGecko, and its governance token is UNI. The platform is still the Ethereum network’s number one DEX and has a key role in DeFi in the facilitation of token swaps and liquidity provision.
UNI is trading at $9.15 as of writing, and the coin has risen more than 50% in the past year. It could be the result of rising market interest in DeFi or some potential improvement within the Uniswap ecosystem.
UNI Price Prediction: Can It Hit $30?
Market analysts predict that the Uniswap token could continue its bullish trend, with some projections suggesting a potential high of $30.94. If the whale’s accumulation triggers more buying interest, Uniswap’s price may reach new highs, as mentioned in our previous article.
However, if selling pressure builds up or if market conditions turn bearish, UNI could struggle to maintain momentum. Analysts estimate that the token may stabilize around $25.29 under regular market conditions, while a failure to meet expectations could push its price down to $18.81.
Looking further ahead, analysts have shared their forecasts for UNI’s price in the coming years:
- 2026: Price range between $22.92 and $36.77, with an average of $29.35.
- 2027: Expected to trade between $29.80 and $44.49, averaging $37.65.
- 2028: Predictions suggest a range of $36.36 to $51.27, with an average price of $43.81.
- 2029: Uniswap could trade between $43.59 and $67.52, with an average price of $55.55.
- 2030: Analysts see a range between $57.16 and $89.24, with an average of $73.20.
The whale accumulation may mean improving institutional interest in Uniswap as its usage in DeFi grows. In the short term, if the Uniswap token continues moving upward, it will break major resistance levels, possibly sending it to new highs in the long term. However, this will rely on market conditions, how liquidity switches, and broader macroeconomic elements that influence its journey.
