UNI Whale Accumulation Sparks Rally Hopes Amid Resistance
A large Uniswap investor has accumulated over $600K worth of UNI tokens in recent days, sparking hopes for a potential rally in the price. According to CryptoQuant data, this 'whale' had previously purchased 105.15K UNI for 400K USDT two weeks earlier, bringing its total position to 155.85K UNI.
The holdings have appreciated significantly, reaching nearly $621.4K USDT and leaving the wallet in unrealized profit despite recent price retracement. This deliberate accumulation strategy is highlighted by the fact that the buying activity occurred after the token had pulled back from local highs instead of chasing strength.
Further analysis reveals that spot buyers have been absorbing available supply, with a 90-day Spot Taker Cumulative Volume Delta (CVD) showing buyer-dominant activity. This complements the accumulation narrative and strengthens the argument that larger participants are building exposure while prices remain below key resistance zones.