The post UNI Whale Liquidation Triggers 2.2% Drop Despite Recent Fee Burn Rally appeared on BitcoinEthereumNews.com.

James Ding
Nov 22, 2025 03:17

Uniswap trades at $6.48 following whale’s $11.7M loss liquidation, testing technical support after 35% surge from fee burn proposal momentum fades.

Quick Take • UNI trading at $6.48 (down 2.2% in 24h) • Major whale liquidation creates selling pressure after five-year holding period • Testing key support near $6.35 pivot level • Bitcoin correlation weakens as UNI shows relative strength despite broader crypto decline Market Events Driving Uniswap Price Movement The dominant narrative affecting UNI price centers on a significant whale liquidation that concluded this week. A crypto whale deposited 512,440 UNI tokens into Binance, ending a five-year holding period with an unrealized loss of $11.7 million. This substantial selling pressure represents approximately $3.3 million worth of UNI at current prices, creating immediate downward momentum for the token. However, the current UNI price movement reflects a complex interplay between bearish whale activity and bullish governance developments. Earlier this week, Uniswap’s governance proposal to implement a fee burn mechanism, including burning 100 million UNI tokens from the treasury, led to a remarkable 35% weekly surge in UNI’s price. This proposal represents a fundamental shift toward deflationary tokenomics that initially drove significant buying interest. The broader cryptocurrency market headwinds are also influencing UNI price action. Bitcoin’s decline below $90,000 for the first time since April has contributed to sector-wide selling pressure, while US stock markets experienced their fourth consecutive day of losses amid tech sector concerns. Despite these macro challenges, UNI has demonstrated relative resilience compared to many altcoins, suggesting the fee burn proposal continues to provide underlying support. UNI Technical Analysis: Consolidation Below Moving Averages Price Action Context UNI price currently trades below all major short-term moving averages, with the token sitting beneath the 7-day SMA at…

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Filed under: News - @ November 23, 2025 12:23 am