A whale has accumulated 374,333 UNI and 1,735 MKR tokens, valued over $4.36 million, in just 18 hours, according to Spot On Chain data.

This accumulation aligns with a trend of increased whale activity in DeFi, suggesting faith in cryptocurrency’s growth. Market prices of UNI and MKR saw no immediate changes.

Whale Acquires $2.3M of UNI in 18 Hours

Spot On Chain reports indicate a whale’s recent acquisition of 374,333 UNI, worth $2.3 million, and 1,735 MKR, valued at $2.06 million. This activity occurred within a span of 18 hours.

The whale’s accumulation pattern parallels a broader trend in increased DeFi investments from large holders. Historically, similar accumulations were followed by subsequent price increases of these tokens.

UNI and MKR Prices Stable Amid Whale Activity

Currently, UNI is trading at $6.14, while MKR is at $1,187, showing no significant fluctuation in the last 24 hours. Analysts are monitoring these tokens, expecting possible future price shifts.

“Large accumulations of governance tokens like UNI and MKR often signal confidence in the long-term prospects of DeFi. This whale clearly sees value at current price levels.” — James Wo, Founder of DFG.

James Wo, Founder of DFG, tweeted that whale actions in DeFi tokens like UNI and MKR can indicate trust in their long-term prospects, reinforcing expected market growth based on data trends.

Historical Whale Buys Led to 15-20% Token Boost

In February 2025, similar patterns in UNI and MKR acquisitions by whales led to 15-20% price increases over two weeks. Current whale activities continue to exhibit strategic investment behavior.

Experts analyze these whale accumulations as a sign of confidence in the DeFi sector. They foresee potential price increases, aligning with historical trends, considering whale strategies and market data.

The post Whale Accumulates $4.36 Million in UNI, MKR Tokens appeared first on Kanalcoin.

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Filed under: News - @ March 17, 2025 2:46 am