Get ready for a rollercoaster ride as Uniswap [UNI] breaks records with a staggering $54.6M withdrawal in a single week! Yes, you heard it right
UNI’s Record-Breaking Withdrawal Spree
Tuesday, 4 February, marked a historic day for Uniswap as it witnessed a whopping $25.16M accumulation This was one of the most significant buying sprees since 2021!
A whopping 3.6 million UNI tokens were scooped up on Tuesday with a total of $54.6M UNI tokens withdrawn from various crypto exchanges in just one week! Investors, especially long-term ones, seized the opportunity to grab discounted UNI below $7 during the recent de-leveraging event.
But what about traders? Were they feeling bullish too? AMBCrypto investigated Hyblock’s Whale vs Retail Delta to gauge UNI’s demand by whale traders on the Futures market. Since the recent dump, UNI’s price has stabilized above $8, but whales’ positions on the Futures market have fluctuating. A solid green would mean whale dominance and likely extended recovery for the DeFi token.
Uniswap V4: A Major Step Forward
Uniswap recently launched a new version, Uniswap V4, boasting better capital efficiency and token swapping routes across 12 chains. The new version’s ‘hook’ architecture has enabled these revolutionary improvements. Uniswap V currently holds +$3B in locked funds, while the new V4 has +$50M in just one week since its launch.
However, Coinbase analysts believe it may take several months for Uniswap V4 to surpass its current V3 version based on its previous release history. They emphasize the need to test the latest version’s security features.
“While a major step forward (wap V4), we also think it will take at least several months for Uniswap V4 to surpass its current V3 version based on its previous release history.”
On the price chart, UNI was down 54% from its December high of $19 at press time. However, the pullback retested the multi-year range breakout level ($7.5), which triggered the March and November 204 runs. If this level acts as a springboard again, UNI could rally to $15-$20 in the medium term.
So, buckle up,! The UNI train might be heading for a rally soon! 🚂💰
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2025-02-09 06:18