Key Takeaways
What are Uniswapâs biggest whales up to right now?
Apparently exhausted and overpaid, a sleepy UNI whale finally decided to wake up after 4.5 years and sell off 512k UNI, pocketing a charming $11.65 million less than what youâd spend on a modest yacht. đ¸
What about UNIâs price action?
After a flirtation with $10.2-like a dinner date with Lady Luck-UNI got the cold shoulder, face-planting to a dismal $6.4. Talk about a seasonal slump!
Post-Uniswapâs grand âUnification Proposalâ hoopla ten days ago, our fickle friend UNI shot up to a lofty $10.2 as everyone and his dog rushed in to buy some. But alas, sentiment soured quicker than a milkshake in the Sahara, causing traders to scurry out with their profits, dragging the price down faster than a lead balloon.
Now, UNIâs been in a downward tailspin, bobbing at $6.5-down 9.14% for the day. Investors, particularly the whale brigade, have been splurging like a Royal Ascot ball, desperate to catch the falling knife.
Uniswap whales are capitulating!
It appears the whale set has had enough of the high jinks. Big players, once cheerleaders, are now selling like hotcakes after the âUNIificationâ hoopla. CryptoQuantâs spot average data shows these giants placed hefty orders-either buying or selling, depending on their mood.
On the 10th and 11th of November, these titans were getting into the market with gusto. But as the market hit its peak, they did what all good financial thrill-seekers do-sold like it was going out of style. One such whale offloaded 1.71 million tokens (a cool $15 million) and by the end of it, recorded a loss of $1.4 million-proof that even whales can drown in the liquidity pool.
This sudden sell-off screams âFool me once, shame on you; fool me twice, Iâm outâ-a textbook bearish signal, if you ask me.
A dormant whale wakes up and loses big
In a twist fit for a novel, a snoozing whale from 4.5 years ago stirred from its slumber and flushed its entire holdings-talk about dramatic timing! đđĽ
Lookonchain reports this diamond-hand hero bought 512k UNI at $29.8, cheering all the way to the bank with a stash worth $15.29 million. Fast-forward nearly five years, and thanks to a cruel market, those same tokens now fetch only $3.64 million-an 76% loss of $11.65 million. Ouch. Thatâs the kind of loss that makes you wanna throw your computer out the window.
Such capitulation is typical during a deep bear market-think of it as the whaleâs equivalent of throwing in the towel while singing âItâs been a good run.â
Further slip for UNI?
The bearish tide continues to roll in, with sellers dominating over the past three days-offloading 5.6 million tokens like thereâs no tomorrow. đ¤ˇââď¸
Uniswapâs exchanges are seeing positive netflows-more tokens leaving than entering-signaling an aggressive call for a fire sale. Meanwhile, the Positive Directional Movement Index (DMI) has crossed into bearish territory, confirming Uncle UNIâs downward attitude.
If this trend turns tail, we might see UNI slipping to a not-so-pretty $5.8-erasing all Novemberâs modest gains. To cheer up the chart lovers, bulls need to wrest back control of the Fibonacci Bollinger middle band at $7.6. Only then can UNI aim for the next resistance at $8.4, hopefully, with less melodrama and more stability.
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2025-11-22 00:17