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UNI Whale Accumulation Hits 5-Year High Despite 93% Drop

Despite UNI’s 93% decline from its 2021 high to around $3, whale accumulation has reached a five-year peak, with the top 10 Binance outflow transactions averaging 7,300 UNI daily. Analyst Darkfost notes that this strong accumulation during the downturn suggests large investors are buying the dip, even as the altcoin market remains challenging.

Original source

AI take

The divergence between price and whale behavior is the signal here: large holders are positioning while UNI trades far below its prior cycle peak, which suggests conviction in the token's long-term role rather than any near-term catalyst. The concentration of that activity through Binance outflows matters, since exchange withdrawals typically point to self-custody rather than trading intent. Whether this accumulation persists if the broader altcoin market stays weak is the open question — sustained inflows would mark a genuine shift in holder composition.

Generated by AI for reference only.

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