Institutional activity surrounding Uniswap’s $UNI token has surged over the past two days, with significant deposits being made to major exchanges. This trend highlights growing movement in the $UNI market, including transactions from high-value wallets and previously dormant accounts. One notable transaction came from a whale address, “0x59a,” with a portfolio valued at $89.4 million. This wallet transferred 1.495 million $UNI (worth $24.3 million) to Binance just an hour ago. The move secured the whale an estimated profit of $13.7 million—a 129% gain—after holding the tokens for five months. Institutions have been depositing $UNI into exchanges over the past 2
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