Uniswap Bleeds 20%—Is This Whale Behind The Drop?

Christian Encila

5 months ago

3 mins read

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One crypto exchange’s loss is another crypto exchange’s gain. This holds true with cryptocurrency exchange Uniswap after it recorded a weekly loss of over 20% brought by a large investor offloading a huge number of tokens.

Uniswap’s loss was Kraken’s gain after the said whale transferred 2.25 million UNI tokens to the cryptocurrency exchange platform in what analysts believed was an attempt to cut losses.

Uniswap Down

Analysts said that UNI, Uniswap’s native token, posted a weekly loss of 20% after the coin went down by 2.80% in the last 24 hours. The massive loss brought UNI’s price to go down to $5.80 on Wеdnеsdаy.

According to a crypto analyst, the drop, which came amid the heightened selling pressure, can be attributed to a large investor who offloaded a big chunk of his UNI tokens and transferred it to another crypto exchange platform.

“A whale deposited all 2.25M $UNI($13.71M) to #Kraken 2 hours ago,” Lookonchain said.

A whale deposited all 2.25M $UNI($13.71M) to #Kraken 2 hours ago, likely to cut losses.

The whale accumulated 2.25M $UNI($15.57M) at an average price of $6.92 between Sept 7, 2023 and Nov 18, 2024.

At its peak, the whale had an unrealized profit of $26.5M but is now down… pic.twitter.com/7pA0glRT4m

— Lookonchain (@lookonchain) March 12, 2025

‘Cut Losses’

In a post, Lookonchain believed that the whale could be ditching an effort to “cut losses” after a considerable unrealized gain from the UNI token vanished.

“The whale accumulated 2.25M $UNI($15.57M) at an average price of $6.92 between Sept. 7, 2023 and Nov. 18, 2024,” Lookonchain shared.

At its peak, the market observer said the large investor recorded an unrealized profit of $26.5 million. However, recent market conditions have brought down UNI’s unrealized earnings to only $1.86 million, which might be the primary reason why the whale decided to move $13.71 million worth of UNI tokens to Kraken.

Bearish Signal

Another crypto analyst observed that indicators showed a bearish picture for Uniswap. Santiment shared his analysis on what could be the future of Uniswap using the on-chain metrics, saying that the Exchange Flow balance increased from -428,920 to 2.23 million within two days.

UNI is currently trading at $5.8. Chart: TradingView

The metric, which tracks the net movement of tokens into and out of exchange wallets, showed that there is a possible surge in selling pressure, indicating that many tokens are being moved into exchange wallets.

Another metric, the Supply on Exchanges, illustrated that the token increased by 2.67% in the last 24 hours, which the analyst claimed reinforced the notion of traders offloading their UNI holdings amidst declining confidence in Uniswap’s performance.

Previous data showed that such trends usually result in a further decline in the token’s price.

Other market observers checked UNI’s technical indicators, revealing a negative sentiment towards Uniswap’s native token. The Bollinger Bands showed that it is tightening with the middle band at $7.470. Meanwhile, the upper and lower bands are at $9.332 and $5.608, respectively.

Analysts said that the UNI’s price is on the lower band, indicating a strong bearish momentum, which could explain the drop in unrealized profit for the token.

Featured image from Medium, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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