Whales Hoard Uniswap Despite Price Plunge Below $2.50

Uniswap (UNI) prices have fallen below $2.50 for the first time in five years, marking a significant decline from its all-time high of around $45 in 2021.

This drop represents a staggering 90% decrease in value, leaving investors wondering about the token's long-term prospects.

However, on-chain data indicates that large investors, or 'whales,' are accumulating UNI during this price correction. In fact, the 10 largest UNI withdrawals from Binance have reached their highest monthly average in five years.

Daily outflows exceeding 10,000 UNI suggest these whales are positioning themselves for Uniswap's long-term growth, despite the current downturn.