Uniswap's UNI jumps 122% to $5.14 as Binance whales keep accumulating

UNI on Ethereum has climbed 122 percent to $5.14 from $2.48, yet Binance's largest holders keep pulling tokens off the exchange.

UNI on Ethereum has risen 122 percent to $5.14 from $2.48, with Binance whale outflows averaging about 5,300 tokens a day as of Aug. 31. The move has lifted the governance token of the largest decentralized exchange by trading volume into a fresh technical range after months of lower highs.

Binance flow data shows the 30-day average of the top 10 daily UNI outflows climbed to roughly 7,400 tokens on May 29, then exceeded 15,000 tokens in a single day on June 18 before easing to the current 5,300-token pace. The sustained pace of withdrawals, even after the rally, points to large holders holding rather than distributing into strength.

Persistent withdrawals from large holders while price trends higher tighten the supply picture, though outflows can also reflect custody changes or transfers between venues rather than accumulation. The pattern nonetheless supports the supply-side case for UNI, which trades as a blue-chip DeFi asset alongside peers such as AAVE and Lido's stETH on Ethereum.

UNI has broken a prolonged descending channel and reclaimed the $4.50-$4.80 band; holding that zone keeps $5.50-$6.00 in play, with a sustained break above $6 opening a path toward $7.80. The breakout comes as the broader DeFi sector draws renewed attention, with bitcoin's dominance easing and capital rotating into tokenized protocols.

Whale outflows tighten UNI supply

The Binance data shows large-holder activity accelerated well before UNI reached its current range. The 30-day average of the top 10 daily outflows climbed to approximately 7,400 UNI on May 29, then spiked past 15,000 UNI on June 18. The average has since eased to around 5,300 UNI, a reading that remains elevated after the 122 percent rally.

Breakout faces $4.50-$4.80 retest

UNI based around $3.00-$3.40, reclaimed $4, and pushed through the $4.50-$4.80 resistance band. A successful retest of that zone would confirm the breakout and preserve the higher-low structure. A daily close back below $4.50 would put the channel breakout at risk, while a deeper loss of $4 would expose the $3.40 area.

The rally has moved UNI into a new technical range, with whale outflows providing a supportive supply-side signal. Holding $4.50-$4.80 keeps $5.50-$6.00 in play, while a decisive break above $6 would strengthen the case for $7.80. A sustained move below $4.50 would weaken the breakout and expose lower support.

This article is for informational purposes only and does not constitute investment advice.