Uniswap surges: Whale trading increases by 1,713%, is UNI about to reach a new high?

Recently, the Uniswap network recorded a noteworthy event, drawing strong attention from the global cryptocurrency community: over 72.95 billion UNI tokens that had been "frozen" for a long time were suddenly moved. This is an unusual milestone, causing analysts to buzz about the growth potential of UNI tokens in the future. After increasing by 20% and currently trading around $7.69, this bullish trend may just be the beginning of a strong and sustainable growth cycle. In fact, some experts predict that UNI could reach a peak price of up to $45.74 by 2025.

Optimistic Signal

According to a report from Santiment, the Uniswap network has just experienced an unprecedented strong growth in the movement of inactive tokens. The "consumption age" index of the UNI token has reached a record level of 72.95 billion, the highest figure in Uniswap's history. This surge could be a sign of a market recovery, as tokens that have been sitting idle in wallets for a long time begin to move again. This could drive trading volume to increase significantly, creating lively buying and selling activities on the exchange.

Market history shows that whenever there is movement of inactive tokens, it often leads to a significant increase in trading activity, thereby creating momentum for asset prices to grow strongly. In particular, UNI has recorded a growth of 20% in the past few weeks, indicating that market strength is gradually returning. These are positive signals, opening up strong growth opportunities for the UNI token in the near future.

The movement of old tokens has caused the average age of UNI wallets to drop sharply, from 1,175 days down to just 1,090 days, marking a decrease of 7.2% in just one night. This means that wallets that have held UNI for the past three years are beginning to become active again, a clear signal indicating renewal within the network. Market history shows that when this change occurs, the value of UNI tends to grow strongly in the coming period, as the amount of old tokens is reintroduced to the market and stimulates new trading flows.

Whale trading increases by 1,713%, what will happen to the price of UNI?

Currently, the price of UNI is fluctuating between 7 – 7.9 dollars, indicating that the market is still uncertain and has not determined a clear trend. However, some experts remain optimistic about the prospects of UNI, with an average price forecast of 11.48 dollars by 2025, along with optimistic scenarios suggesting that the value of this token could reach 45.74 dollars.

With the current RSI of 59, UNI still has plenty of room to continue its bullish trend before reaching the overbought zone. If the RSI exceeds the threshold of 65, this may indicate a stronger bullish rally. The breaking of the resistance level at 7.62 – 7.65 dollars could pave the way for the price to rise to 8 dollars, especially as support from higher trading volumes boosts the growth momentum.

UNI 1-Day Price Chart | Source: TradingViewOne important factor that cannot be overlooked is the strong participation of Uniswap whales. Data from Sentora shows that UNI whale transactions have surged by up to 1,713% in the last 24 hours, pushing the trading volume to 58.36 million UNI, equivalent to a value of 431.07 million dollars. This is double the trading level compared to the previous record in a week, reflecting the strong involvement of large investors. This sudden change could be a signal of an upcoming period of strong price volatility in the coming days, as whales prepare for major adjustments in the market.

Large transaction of UNI | Source: SentoraUniswap V4, the latest version of the protocol, has improved gas performance and token swap efficiency compared to the previous version, Uniswap V3. This makes the Uniswap platform more attractive for large volume transactions, helping to boost participation from large investors and stable growth in the future.

Lilly