Uniswap Whale Adds $2.13M in UNI, Extending 45-Day Accumulation to $11.05M
Key Takeaways
- •A whale wallet known as 0xC374 purchased 308,517 UNI tokens worth roughly $2.13 million, extending a multi-week accumulation strategy.
- •Over the past 45 days, the same address has accumulated approximately 1.32 million UNI, with total spending of about $11.05 million, per Lookonchain data.
- •Analyst GrowMore Capital views UNI's recent weakness as a minor correction rather than the start of a deeper downtrend.
- •The analyst identified $7.80 as a key resistance threshold, with a breakout potentially opening a path toward a $12.50 target, implying roughly 60% upside.
- •The bullish scenario depends on Bitcoin holding its demand zone, as broader market weakness could delay or undermine UNI's recovery.
A large Uniswap (UNI) holder has extended its buying streak, purchasing an additional 308,517 UNI tokens worth approximately $2.13 million. According to on-chain analytics platform Lookonchain, the wallet has accumulated roughly 1.32 million UNI over the past 45 days, bringing total purchases to approximately $11.05 million. Separately, crypto analyst GrowMore Capital characterized the token's recent weakness as a minor correction and identified $7.80 as a key breakout level ahead of a potential move toward $12.50.
Whale Extends UNI Accumulation With $2.13 Million Purchase
UNI is the governance token of Uniswap, a decentralized exchange protocol that launched in 2018 and has since ranked among the most heavily used trading platforms in decentralized finance. Its automated market maker (AMM) design relies on pooled liquidity rather than traditional order books, allowing users to swap tokens without a centralized intermediary.
Lookonchain reported that whale address 0xC374 bought another 308,517 UNI, valued at roughly $2.13 million, around 10 hours before the analytics platform disclosed the transaction. The purchase extends an accumulation strategy that has unfolded over several weeks.
Over the past 45 days, the same wallet has acquired approximately 1.32 million UNI, representing a combined outlay of $11.05 million. The repeated buying underscores sustained interest from a major market participant even as uncertainty persists across the broader cryptocurrency market.
Whale transactions of this size can shape market sentiment, as traders frequently track large-holder activity for signals of shifting demand. Still, accumulation by a single wallet does not by itself confirm a bullish reversal or guarantee further price appreciation.
Sustained Buying Points to Large-Holder Interest
The consistency of the purchases is what makes the development notable for UNI market participants. Rather than executing a single large transaction, whale 0xC374 has continued adding to its position over several weeks, indicating sustained exposure to the asset.
The latest $2.13 million purchase reinforces the scale of the investor's reported accumulation. Traders may read the activity as a constructive on-chain signal, particularly when searching for evidence of renewed confidence among large holders.
Broader market indicators, however, remain essential context. Trading volume, exchange flows, and open interest could help clarify whether other investors are joining the whale's accumulation trend or whether the buying remains isolated.
UNI Faces $7.80 Resistance Before Path Toward $12.50
The token's technical outlook has drawn attention to the $7.80 resistance level flagged by GrowMore Capital. In technical analysis, a resistance level marks a price zone where previous advances have stalled, and clearing it is generally treated as a sign that buyers have regained control of the trend. According to the analyst, a successful breakout above that threshold could open the door for UNI to advance toward $12.50.
That proposed target implies approximately 60% upside from the $7.80 breakout level. Before such a move can materialize, UNI must first attract sufficient buying pressure to overcome the resistance and establish a sustained push above it.
Source: GrowMore Capital's X post
Failure to reclaim the threshold could leave the token trading within its existing range. Broader cryptocurrency market weakness could also add selling pressure and delay any potential recovery.
Analyst Frames Recent Weakness as a Minor Correction
GrowMore Capital contends that UNI's recent softness represents a small correction rather than the start of a deeper bearish trend. The analyst also pointed to Bitcoin's ability to hold its demand zone as an important support for the wider cryptocurrency market.
In the analyst's view, Bitcoin's stability could create a supportive environment for altcoins, including UNI. GrowMore Capital suggested spot accumulation under a short-term holding strategy, while naming $7.80 as the decisive breakout threshold.
The bullish outlook remains conditional, however. A breakdown of Bitcoin's demand zone or continued selling pressure in UNI could undermine the recovery scenario. The $12.50 target therefore stands as an analyst projection rather than a confirmed outcome.
What Comes Next for UNI
Bitcoin's market structure figures to be a central factor in how UNI's recovery attempt plays out. Provided BTC sustains its demand zone, an improvement in overall market sentiment could reignite interest in altcoins.
On-chain data will also remain in focus. Accumulation by whale 0xC374 could further bolster the bull case, particularly if other large holders begin building positions of their own.
Traders are expected to monitor both variables. For now, UNI's $7.80 resistance level and Bitcoin's demand zone are the key levels to watch, with any breakout lending support to GrowMore Capital's $12.50 scenario.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
