Uniswap whale stock has increased, UNI price increase more than 100% in the last 2 months

Uniswap, ethereum Ertrem Blockchain networkTechnology The established exchange had been quiet on a tear since June 18, but suddenly jumped with gains of 150% over the past seven weeks. With a strong price rally, UNI is now the 15th largest crypto by market capitalization.

The popular DeFi asset is said to be driven by strong whale stocks and increasing active addresses.

As a coin Holy On the chain The active address rose above 1,100 on the day as price increased, indicating continued strong address activity in price action.

Strong whale stocks behind high price rally?

As of the May 2022 crash, whalestats whalestats On the chain You are accumulating a large number of uni tokens at a heavy percentage. Whaling transactions increased, which could be considered to be worth $100k or more, back to May levels. In particular, UNI whale addresses from 100k to 1m have seen a significant increase in accumulation over the past two weeks.

As Santiment,

“Speaking of whales, large transactions (which we consider to be transactions valued at $100K or more) are also rising to May levels. We can clearly see the big whale trade that started forming a week ago before the high price increased to $9.69.

Interestingly, a pattern has emerged among active average trade returns. The 30-day MVRV is currently up to +22.5%, well above the ‘danger zone' of +15% or more.

However, with recent increases, Santiment urges new investors to exercise caution.

However, while medium-term trading is beginning to increase, the good news is that long-term traders (with 365-day MVRV) are still in good water. This means there may be a downside for UNI in the next week or two, but its long-term future still looks worth it.