Uniswap Plummets: Whale Suspected in 22% Price Drop
March 14, 2025 by Jhon E. Bermúdez
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<p><span style="font-weight: 400">It's often said in the crypto world that one exchange's loss can be another's gain, and recent events with Uniswap perfectly illustrate this point. After a significant investor decided to offload a large quantity of tokens, the cryptocurrency exchange Uniswap witnessed a weekly downturn of over 20%.</span></p>
<p><span style="font-weight: 400">However, Uniswap's dip appears to have been Kraken's opportunity. This so-called "whale" investor transferred 2.25 million <a href="https://www.coingecko.com/en/coins/uniswap" target="_blank" rel="nofollow">UNI</a> tokens to the Kraken exchange platform, a move analysts interpret as an attempt to mitigate losses.</span></p>
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<h2 class="jeg_block_title"><span>Related Reading</span></h2>
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<h2><strong>Uniswap Under Pressure</strong></h2>
<p><span style="font-weight: 400">Experts have highlighted that UNI, the native token of Uniswap, experienced a 20% loss over the past week, including a 2.80% decrease in the last 24 hours alone. This substantial drop pushed UNI's price down to $5.80 on Wednesday.</span></p>
<p><span style="font-weight: 400">According to crypto analysts, this downturn, which occurred amidst increased selling activity, can be attributed to a major investor who divested a significant portion of their UNI holdings, moving them to another crypto exchange.</span></p>
<p><span style="font-weight: 400">“A whale moved 2.25 million $UNI (valued at $13.71 million) to #Kraken just two hours ago,” noted Lookonchain, a crypto market observer.</span></p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">A whale deposited all 2.25M <a href="https://twitter.com/search?q=%24UNI&src=ctag&ref_src=twsrc%5Etfw" rel="nofollow">$UNI</a>($13.71M) to <a href="https://twitter.com/hashtag/Kraken?src=hash&ref_src=twsrc%5Etfw" rel="nofollow">#Kraken</a> 2 hours ago, likely to cut losses.</p>
<p>The whale accumulated 2.25M <a href="https://twitter.com/search?q=%24UNI&src=ctag&ref_src=twsrc%5Etfw" rel="nofollow">$UNI</a>($15.57M) at an average price of $6.92 between Sept 7, 2023 and Nov 18, 2024.</p>
<p>At its peak, the whale had an unrealized profit of $26.5M but is now down… <a href="https://t.co/7pA0glRT4m" rel="nofollow">pic.twitter.com/7pA0glRT4m</a></p>
<p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1899648554332983413?ref_src=twsrc%5Etfw" rel="nofollow">March 12, 2025</a></p></blockquote>
<p><img data-recalc-dims="1" decoding="async" class="aligncenter wp-image-712148 size-large" src="https://www.newsbtc.com/wp-content/uploads/2025/03/a_23611a.png?w=860&resize=860%2C700" alt="" width="860" height="700" loading="lazy"/></p>
<h2><strong>Attempting to Limit Losses</strong></h2>
<p><span style="font-weight: 400">In their analysis, <a href="https://x.com/lookonchain/status/1899648554332983413/photo/1" target="_blank" rel="nofollow">Lookonchain</a> suggested that this large-scale investor might be trying to "cut losses" after a significant unrealized profit from their UNI holdings diminished.</span></p>
<p><span style="font-weight: 400">Lookonchain further elaborated, “This investor accumulated 2.25 million $UNI (worth $15.57 million) at an average purchase price of $6.92 between September 7, 2023, and November 18, 2024.”</span></p>
<p><span style="font-weight: 400">Market data indicated that at its peak, this investor had an unrealized profit of $26.5 million. However, recent market shifts have reduced UNI's unrealized earnings to just $1.86 million, potentially explaining the investor's decision to move $13.71 million worth of UNI tokens to Kraken.</span></p>
<h3><strong>Bearish Indicators Emerge</strong></h3>
<p><span style="font-weight: 400">Additional crypto analysts have pointed to indicators suggesting a bearish outlook for Uniswap. Santiment, another analyst, shared insights based on on-chain metrics, noting a significant increase in the Exchange Flow balance from -428,920 to 2.23 million within a mere two-day period.</span></p>
<figure style="width: 1835px" class="wp-caption aligncenter"><img decoding="async" class="size-full" src="https://www.tradingview.com/x/G5ZUJ7Qp/" width="1835" height="883" loading="lazy"/><figcaption class="wp-caption-text">UNI is currently trading at $5.8. Chart: <a href="https://www.tradingview.com/" target="_blank">TradingView</a></figcaption></figure>
<p><span style="font-weight: 400">This metric, which tracks the net flow of tokens into and out of exchange wallets, suggests a possible increase in selling pressure, as it indicates a larger volume of tokens being moved into exchanges.</span></p>
<p><span style="font-weight: 400">Another metric, "Supply on Exchanges," showed a 2.67% <a href="https://coinmarketcap.com/currencies/uniswap/" target="_blank" rel="nofollow">increase</a> in UNI token supply over the last day. This, according to the analyst, further supports the idea that traders are selling off their UNI holdings amidst growing concerns about Uniswap's market performance.</span></p>
<p><span style="font-weight: 400">Historical data suggests that such trends often precede further price declines for the token.</span></p>
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<h2 class="jeg_block_title"><span>Related Reading</span></h2>
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<p><span style="font-weight: 400">Further analysis from market observers examining UNI's technical indicators also reveals a negative sentiment surrounding Uniswap's token. The Bollinger Bands, a volatility indicator, are showing a tightening pattern with the middle band at $7.470, while the upper and lower bands are positioned at $9.332 and $5.608, respectively.</span></p>
<p><span style="font-weight: 400">Analysts interpret UNI's price hovering near the lower Bollinger Band as a sign of strong bearish momentum. This bearish pressure could indeed be a key factor behind the observed decrease in unrealized profits for UNI holders.</span></p>
<p><em>Featured image from Medium, chart from TradingView</em></p>
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