Uniswap's $6 Breakthrough: Whales and Institutions Fuel Rally

Uniswap [UNI] has broken through its $6 resistance level and reached an eight-month high of $6.37, driven by strong activity from whales and institutional entities.

The price jump of 11.35% over the past 24 hours was accompanied by a surge in trading volume, increasing by 153%. This heightened market activity has brought UNI close to recovering all its 2026 losses.

According to Professor Onchain, the move above $6 was fueled by heavy institutional inventory positioning. The on-chain monitor reported that Wintermute absorbed 2.03 million UNI worth $11.07 million into its primary market maker wallet and routed another $4.64 million worth of UNI into Binance deposit lines.

Additionally, top tracked wallets moved roughly $45 million in UNI into active market circulation. Whales are also aggressively buying, with one whale purchasing 540k UNI worth $2.8 million just before the price crossed the $6 mark.