Binance UNI Whale Withdrawals Hit Five-Year High

On August 16, CryptoQuant analyst Darkfost reported that despite Uniswap's native token UNI dropping over 93% from its peak of $43 in 2021 to around $3, the accumulation by whales has reached its strongest level in five years. Data shows that the top 10 transactions with the largest outflows of UNI on Binance have an average daily outflow of 7,300 UNI, marking a five-year high; the current average remains elevated, with this trading group still accumulating 5,600 UNI daily. Darkfost pointed out that although the overall environment for altcoins is challenging, some tokens continue to attract attention, especially those that are actively accumulated by whales. The accumulation intensity of UNI has reached a historical peak during the current downturn, indicating that large investors are taking advantage of lower prices.

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