Uniswap (UNI) Surges 150% in Seven Weeks
Uniswap’s UNI token has delivered an impressive 150% rally since June 18, cementing its place as the 15th largest cryptocurrency by market capitalization. The Ethereum-based decentralized exchange token’s resurgence has been fueled by strong on-chain activity and major whale accumulation, according to analytics platform Santiment.
The data reveals a significant rise in active UNI addresses, surpassing 1,100 per day as prices surged. This spike indicates sustainable network engagement and strong investor confidence driving Uniswap’s recovery.
Whale Accumulation Powers Price Rally
Whale investors have played a key role in Uniswap’s latest uptrend. Since the market crash of May 2022, large holders have been steadily increasing their UNI positions. Transactions valued at $100,000 or more have also risen sharply, returning to levels last seen in May.
Santiment’s data shows a notable accumulation among wallets holding between 100,000 and 1 million UNI, with a major spike recorded in recent weeks — coinciding with the token’s sharp rally toward $9.69.
“Speaking of whales, the number of large transactions (which we deem to be transactions valued at $100k or more) are rising back to May levels as well,” Santiment noted. “We can clearly see the major clump of big whale transactions that began forming one week ago, just prior to the major price rise.”
MVRV Suggests Possible Correction Ahead
Despite the impressive performance, analysts caution that Uniswap may face a short-term pullback. Santiment’s 30-day Market Value to Realized Value (MVRV) ratio has climbed to +22.5%, entering what it calls the “Danger Zone” above +15%.
This suggests that mid-term holders could begin taking profits soon. However, long-term investors remain largely underwater, with the 365-day MVRV still in negative territory — indicating that UNI could still be undervalued for the long haul.
Outlook: Strong Fundamentals, Possible Short-Term Dip
While Uniswap’s recent surge highlights growing confidence in DeFi protocols, the combination of overheated short-term metrics and sustained whale activity suggests a brief correction could be on the horizon. Nevertheless, Santiment’s analysis underscores that Uniswap remains a fundamentally strong project with long-term growth potential.
