Whale Investor Accumulates $15.5 Million in Uniswap’s UNI Tokens

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

Using insights from the blockchain analysis tool Arkham, it was revealed that this unidentified investor, often referred to as a “whale,” has been steadily withdrawing UNI tokens from Binance, the world’s largest crypto exchange.

The recent activity indicates the whale has moved a total of 1.7 million UNI, valued at approximately $15.5 million. Additionally, 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.

In a separate development, other 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.