Binance Whales Accumulate UNI Amid Market Volatility

Large Uniswap holders are accumulating the token despite its recent correction from $4.57. According to CryptoQuant analyst Darkfost, Binance has recorded its highest level of major UNI withdrawals in five years.

The monthly average of the 10 largest UNI withdrawal transactions from Binance has reached its highest level since 2021, surpassing 7,200 UNI on some days. This trend suggests that large investors may be using market dips as opportunities to accumulate.

In fact, Darkfost noted that the largest outflows have increased during periods of sharp declines in UNI prices. These outflows suggest that UNI accumulation is continuing, particularly among the largest players on Binance.