The cryptocurrency market has rebounded slightly this week following President Trump’s Monday announcement of the Israel-Iran ceasefire. 

Some assets have since extended their rallies, while others posted more tepid performances, struggling to maintain upward momentum. Amid this mixed market recovery, on-chain data reveals that crypto whales have been quietly accumulating select altcoins, including UNI, WLD, and SAND. 

Uniswap (UNI)

This week, decentralized finance (DeFi) token UNI has received significant whale attention. This is reflected by its large holders’ netflow, up 190% over the past seven days, per IntoTheBlock. 

Large holders are investors that hold more than 0.1% of an asset’s circulating supply. Their netflow measures the difference between the amount of tokens that they buy and sell over a specified period. When it surges like this, it signals strong accumulation by whales, suggesting growing confidence or a bullish outlook on the asset.

Moreover, the surge in large holder netflow could prompt retail traders to ramp up their UNI accumulation. If this buying pressure continues, the altcoin could break into the $7 price zone. 

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Author: Abiodun Oladokun

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