Uniswap (UNI) Accumulated by Anonymous Whale as DEX Token Rakes in 50% Yearly Gains

A major investor has recently been observed acquiring significant amounts of Uniswap's UNI token, according to tracking data from Lookonchain.

A major investor has been aggressively acquiring Uniswap’s UNI token, according to tracking data from Lookonchain.

The unidentified investor, often referred to as a “whale,” has been steadily withdrawing UNI tokens from Binance, the world’s largest crypto exchange, to a new wallet, as revealed by insights from the blockchain analysis tool Arkham.

The recent activity indicates the whale has moved a total of 1.7 million UNI, valued at approximately $15.5 million. Notably, the same wallet also holds $15.8 million worth of USDT (Tether), and the account itself was created just two weeks ago.

Uniswap, which ranks as the second-largest decentralized exchange globally, operates primarily on the Ethereum network. At the time of the report, UNI’s price was $9.22, reflecting an impressive 50% gain over the past year.

According to further insights from Arkham, two major investors have also been stocking up on HYPE, the token tied to the layer-1 DEX Hyperliquid.

Two notable whales have deposited substantial USDC amounts into the platform, purchasing millions of HYPE tokens in the process.