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<p>The post <a href="https://coinpedia.org/price-analysis/uniswap-price-prediction-whale-adds-10-4-million-of-uni/" rel="noopener noreferrer nofollow">UniSwap Price Prediction: Whale adds $10.4 million of UNI</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Uniswap (UNI), an Ethereum-based altcoin is making waves in the cryptocurrency landscape due to its impressive price surge and recent breakout. On August 22, 2024, following the breakout, a whale reactivated after six months and withdrew a significant 1.48 million UNI tokens worth $10.4 million from Coinbase Prime, as reported by the on-chain analytic firm Spotonchain.</p>
<h2 class="wp-block-heading" id="h-uniswap-price-prediction-for-august-2024"><strong>Uniswap Price Prediction for August 2024</strong></h2>
<p>According to expert technical analysis, <a href="https://coinpedia.org/price-prediction/uniswap-uni-price-prediction/" rel="noopener noreferrer nofollow">Uniswap</a> (UNI) looks bullish after breaking out of a crucial descending trendline and a strong resistance level at $6.75. However, there is a high possibility that UNI may experience price correction before witnessing a significant upside rally.</p>
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/08/22193743/UNIUSDT_2024-08-22_19-37-25.png" rel="noopener noreferrer nofollow"><img decoding="async" width="1024" height="448" src="https://image.coinpedia.org/wp-content/uploads/2024/08/22193743/UNIUSDT_2024-08-22_19-37-25-1024x448.png" alt="" class="wp-image-341643" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/22193743/UNIUSDT_2024-08-22_19-37-25-1024x448.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/22193743/UNIUSDT_2024-08-22_19-37-25-300x131.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/22193743/UNIUSDT_2024-08-22_19-37-25-768x336.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/22193743/UNIUSDT_2024-08-22_19-37-25-1536x672.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/22193743/UNIUSDT_2024-08-22_19-37-25-150x66.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/22193743/UNIUSDT_2024-08-22_19-37-25.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
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  Source: Trading View
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<p>Based on the historical price momentum, UNI could soar 25% to $9 and $12 levels in the coming days. However, it would not be so easy as during the upside momentum UNI may face resistance near $7.5 and $9 levels.</p>
<h2 class="wp-block-heading" id="h-uniswap-whale-holding"><strong>Uniswap Whale Holding</strong></h2>
<p>According to the post on X (previously Twitter), with the recent UNI withdrawal, the whale now holds a significant over 3.91 million UNI tokens worth $27.2 million. This is the second time, the whale has withdrawn massive UNI tokens.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">A likely investor's wallet just reactivated after 6 months and withdrew 1.48M <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$UNI</a> ($10.4M) from <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a> Prime ~2hrs ago.<br><br>Now, this wallet holds 3.91M <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$UNI</a> ($27.2M), with:<br><br>• 3M <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$UNI</a> withdrawn from Coinbase at ~$6.89 ($20.6M) in Feb and Aug 2024;<br><br>• 911K <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$UNI</a> unlocked from… <a href="https://t.co/o0kuNmNuzg" rel="noopener noreferrer nofollow">pic.twitter.com/o0kuNmNuzg</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1826538506048733500?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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</figure>
<p>Initially, in February 2024, the whale withdrew over 1.52 million UNI tokens at an average price of $6.82 level. Additionally, this whale received over 911K UNI tokens from the Uniswap treasury, in February 2024, when UNI was trading at the $7.74 level.&nbsp;</p>
<h3 class="wp-block-heading" id="h-is-this-a-perfect-time-to-buy-uni"><strong>Is This a Perfect Time to Buy UNI?</strong></h3>
<p>However, the recent withdrawal might be flashing a perfect buying opportunity for investors and traders in the long run. In March of this year, UNI reached its highest point at $17.05 level, while the current price indicates that it is at a discounted price.</p>
<h2 class="wp-block-heading" id="h-uniswap-price-analysis"><strong>Uniswap Price Analysis</strong></h2>
<p>At press time, UNI is trading near $6.93 and has experienced a price surge of over 8% in the last 24 hours. Meanwhile, its trading volume has increased by 101% during the same period, indicating higher participation from traders amid the recent breakout.</p>
<p>Additionally, UNI’s <a href="https://www.coinglass.com/BitcoinOpenInterest" target="_blank" rel="noopener noreferrer nofollow">open interest</a> has risen by 15% in the last 24 hours, indicating growing interest from investors following the breakout.&nbsp;</p>

UniSwap Price Prediction: Whale adds $10.4 million of UNI

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