- Uniswap saw over $54M withdrawn from exchanges in the first week of February
- Coinbase’s analysis suggests that new Uniswap V4 could take a while to gain massive traction
On Tuesday, 4 February, Uniswap [UNI] saw a record daily accumulation of $25.16M. According to blockchain analytics firm IntoTheBlock, this was one of the highest buying sprees since 2021.
Source: IntoTheBlock
Over $54.6M UNI withdrawn this week
The scoop on Tuesday was worth over 3.6 million UNI tokens. On the weekly front, a whopping $54.6M UNI tokens were withdrawn from several crypto exchanges.
This means that investors, especially long-term investors, took advantage of the de-leveraging event earlier this week to grab discounted UNI below $7.
Source: IntoTheBlock
So, what about traders? Were they bullish too? AMBCrypto checked Hyblock’s Whale vs Retail Delta to gauge UNI’s demand by whale traders on the Futures market.
After the recent dump, UNI’s price stabilized above $8. However, the stability has been met with fluctuating positions by whales on the Futures market. As per
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Author: Benjamin Njiri
