Whales Go Wild: Uniswap v4’s $33M Token Frenzy!

Uniswap v4 has launched, unlocking new features and cost-reduction mechanisms to bolster use cases
UNI whales also accumulated 3.07M tokens yesterday, which could spike a bullish reversal

Uniswap Labs, in a move that could only be described as either genius or madness, has unleashed Uniswap v4 upon the world. This new protocol promises lower costs and flashy features, as if the decentralized exchange (DEX) market wasn’t already chaotic enough.

DeFiLlama reports that Uniswap v4 is already making waves, with its Total Value Locked (TVL) hitting $5.7M within a day of its launch. Yet, UNI, the altcoin in question, remains unimpressed, trading at $11.68 after a 2% dip in the last 24 hours. Ah, the fickle nature of crypto!

Uniswap’s “biggest” version goes live

Hayden Adams, the CEO of Uniswap Labs, declared v4 to be the “biggest, baddest version of the Uniswap protocol yet.” One can almost hear the dramatic music playing in the background. This protocol, apparently years in the making, introduces a developer platform called Hooks, which promises faster development cycles and improved liquidity. Because, of course, what the world needs is more liquidity.

Uniswap v4 also claims to reduce the cost of deploying pools by 99.99%. Yes, you read that right—99.99%. It’s almost as if they’re trying to make math irrelevant. Additionally, it supports native Ethereum (ETH), which is supposedly cost-efficient for ETH pairs. Adams, ever the optimist, proclaimed,

“V4 will serve as the liquidity infrastructure for Ethereum for years to come – I can’t wait to see what our incredible developer community builds on top.”

The version is available on Layer one networks like Ethereum, Avalanche, and BNB Chain, and has also been deployed to Layer twos including Base, Optimism, Arbitrum, and Polygon. Because why limit chaos to just one layer?

Can the new protocol version stir gains for UNI?

Uniswap has been under bearish pressure, with selling activity on the rise. CryptoQuant reports that UNI exchange reserves surged to 71M tokens—the highest level in over a month. A sign of waning confidence? Or perhaps just traders preparing for the inevitable dump.

But wait! The launch of Uniswap v4 has caught the attention of whales—those mysterious, deep-pocketed entities that seem to operate on a different plane of existence. IntoTheBlock reveals that large transactions climbed from 4.01M UNI to 15.64M UNI in just 24 hours.

Most of this volume came from buying activity, with large holder netflows rising from -47,900 UNI to 3.03M UNI. This suggests that whales accumulated 3.07M UNI tokens yesterday—valued at around $33M. Because when whales move, the world trembles.

Whale accumulation could be a good sign for UNI, assuming it’s enough to counteract the sell-side pressure. If these whales are buying because of Uniswap v4’s new features, it might just trigger a long-term uptrend. Or, you know, it could all collapse tomorrow. Such is life in the crypto world.

Key levels to watch

At the time of writing, Uniswap’s one-day chart shows that bears are still in control, with the Relative Strength Index (RSI) hovering near oversold levels. The Chaikin Money Flow (CMF) is also in the negative, highlighting the relentless selling pressure.

Traders should keep an eye out for a crossover of the Signal line above the RSI line, as that could signal a buy opportunity.

Meanwhile, UNI has bounced strongly from the support level of $10.80. A breach below this level could trigger a strong downtrend. Conversely, if UNI breaks through the resistance level at $15.25, it might just ignite a strong uptrend. Or, you know, it could do absolutely nothing. Because crypto. 🚀📉

2025-02-01 21:16

Uniswap’s “biggest” version goes live

Can the new protocol version stir gains for UNI?

Key levels to watch

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