Uniswap whale sells $10M in UNI – Can $4 support still hold?
The post Uniswap whale sells $10M in UNI – Can $4 support still hold? appeared on BitcoinEthereumNews.com.
Following the recent market crash and a weakened structure, Uniswap [UNI] slipped to a two‑year low. The altcoin fell to $4.1, a level last seen in November 2023, before staging a modest rebound. At press time, UNI traded at $4.15, down 1.14% on the daily charts, reflecting increased volatility. Uniswap whale dumps 2.49M UNI After UNI] experienced a massive slump, a long-term holder panicked and offloaded his entire UNI holdings. According to Arkham data, a dormant whale returned after five years and dumped 2.49 million UNI for $10.62 million. Source: Arkham This whale sold these tokens after holding them for five years, having purchased them in the early days of Uniswap. With the sale, the whale realized $1.72 million in profit, up only 19% in five years. Usually, when whales sell during a market downturn, it signals a lack of confidence in the market and a fear of further losses. Selling pressure shoots up! In addition to the noted whale sell activity, Uniswap experienced a substantial sell-off by other market participants on the 30th of January. According to CryptoQuant, Exchange Inflow surged to a two-month high of 4.2 million UNI, then fell significantly as of writing. At the same time, the altcoin recorded 1.7 million in Exchange Outflow. Source: CryptoQuant With Exchange flows soaring, the Exchange Supply Ratio climbed to a two-month high of 0.09. Often, a rising supply ratio suggested increased distribution, further rising dump risk. Source: CryptoQuant Historically, such market conditions have led to reduced scarcity, thereby further accelerating downward pressure, often a prelude to lower prices. Is $4 support at risk? Uniswap dropped significantly as investors, both retail and traders, panicked and sold, further accelerating the downtrend. As a result, the altcoin’s Relative Strength Index (RSI) dropped deeper into the oversold territory, hitting a low of 27 at…
Filed under: News - @ January 31, 2026 3:29 pm