Uniswap’s Secret: Whales, Breakouts, and a $10 Trap 🐙💰

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Key Takeaways

The Uniswap whales, those elusive specters of the crypto realm, have reemerged, their movements whispering of a possible reversal. The price of UNI, that fickle flame, flickered below the $10 threshold, a beacon extinguished after a month of steadfast glow. 🌫️

August, that enigmatic month, has danced to a different tune than the bearish waltzes of yore, leaving traders to wonder if the dip of September will herald the Q4 revival. A month of crypto’s teetering tightrope walk, where hope and despair are but two sides of the same coin. 🎭

From the anomaly in August of this year, traders anticipate the dip that precedes Q4 rallies to be in September. A gamble, perhaps, but what else is life but a series of calculated risks? 🎲

The first few days have had mixed sentiments, but whales could be shaping a new narrative. Or perhaps they’re just playing a game of chess with our wallets. 🏰

Whales are pulling UNI off the exchanges

According to OnchainLens data, whales were making their way back after a period of profit-taking. A notable transaction involved the purchase of 153,975 UNI valued at $1.5 million on CoW Protocol. A whale, it seems, doesn’t just swim-it hunts. 🐟

The whale not only scoops Uniswap, but also Maker [MKR] and Spark [SPK]. All these funds were later moved for liquidity provision. A masterclass in financial acrobatics. 🎭

More analysis indicated that UNI was gradually leaving exchanges, as seen in the Exchange Netflow data. On the day, about 55K tokens had been withdrawn, about 18K more than those pulled off the previous day. A tide turning, perhaps, as the whales gather their resources. 🌊

The shift came after 400K UNI was sent to exchange on the 1st of September, thus the price fell to $9.35. Rising exchange outflows usually signal accumulation phases for holders. Or, as I like to call it, “the silent scream of the market.” ⚡

That said, will the shifting dynamics spark a reversal? Or is this just the calm before the storm? 🌩️

On the charts, UNI was approaching a key accumulation zone at $8.74 that previously initiated a 40% rally. During this rally, UNI price broke above resistance at $11 and was rejected instantly at $12.25. A false promise, much like the promises of politicians. 🧙

The instant rejection made the surge past $11 a false breakout. Yet, another angle showed that the DeFi protocol was navigating inside a range between $8.74 and the tested resistance. A tightrope walk, indeed. 🕸️

With holders intensifying the accumulation process, the stage was set for a reversal to the upside. The $9.74 and $8.74 levels were set as the optimal buying zone, as the whale action denoted. A game of patience, or perhaps desperation. 🎯

Alternatively, the altcoin could dip below $8.74 for the liquidity beneath the equal lows. Sustained stay below it could invalidate the setup. A cruel twist, like a lover’s betrayal. 💔

Meanwhile, the Chaikin Money Flow (CMF) has been rising since the beginning of September. This confirmed the capital inflow into UNI despite the price continuing to decline. A paradox, much like life itself. 🌀

However, more confirmations were needed for the reversal to actualize. A wait, a prayer, and a dash of hope. 🙏

Volume surges as swaps become simpler

Ethereum [ETH] Layer 2 volume surpassed $50 billion with Unichain, Arbitrum [ARB], and Base in the lead. All the progress being made by Unichain through collaboration with others could play a huge role. A symphony of innovation, or just a well-rehearsed illusion? 🎶

Unichain Labs partners with ed Wormhole to bring multichain tokens from main networks to Unichain. The interoperability was powered by Wormhole and aimed at making swapping simpler for their users. A step toward utopia-or a maze of confusion. 🧩

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2025-09-04 15:38