Uniswap Surges Past $4 as Institutional Demand Drives Breakout

Uniswap [$UNI] has reclaimed the $4.00 mark for the first time since early May, thanks to intense accumulation by institutional participants.

Wintermute had previously transferred over $1 million worth of $UNI through major exchanges, but the latest activity shifted toward outright buying.

A wallet linked to Cumberland accumulated $6.12 million worth of $UNI before transferring the full amount to a wallet associated with Monetalis.

The breakout above the multi-month barrier has been met with growing confidence, rather than profit-taking, as buyers absorbed every wave of available supply and preserved bullish control.

The successful defense of $4.00 would likely convert the former ceiling into fresh support, but losing that level could invite another visit toward $3.66, where buyers previously regained control and aligned with the ascending trendline.