UNI Whale Accumulation Surges as Uniswap Price Falls Below $2.50

Uniswap's UNI token has fallen to $2.50 for the first time in five years, marking a decline of over 90% from its all-time high of around $45 in 2021.

This significant drop comes as on-chain data shows that large investors, or 'whales,' are accumulating UNI during the price correction.

The 10 largest UNI withdrawals from Binance have reached a five-year high, with some daily outflows exceeding 10,000 UNI. This suggests that these whales are positioning themselves for Uniswap's long-term growth.