Uniswap Whale Returns With $1M Deposit as UNI Consolidates Near $10

Uniswap whale activity has resurfaced after a two-month pause, with a fresh 100,000-token deposit worth $1.01 million on Cow Protocol drawing market attention.

The same wallet was previously bought for $7.50 and sold for close to $8.00, highlighting its influence on short-term swings. It now holds 1.127 million tokens valued at about $11.32 million. With the asset consolidating around $10, the whales return is seen as a signal that stronger momentum may soon develop.

Whale Activity Sparks Speculation

The return of this whale comes at a critical moment for UNI, which has been consolidating tightly around the $10 level. Traders often look to whale movements as leading indicators of upcoming trends, and this deposit has injected fresh curiosity into the market. Given the whales track record of well-timed moves, investors are now monitoring its positioning closely.

Source: X

The latest $1M deposit suggests accumulation intent, hinting that the address may be preparing for a longer-term hold rather than immediate selling pressure. Such behavior often coincides with the early stages of a bullish setup.

With this activity unfolding, the asset has regained traction among retail traders and analysts alike. The fact that the whale still holds over a million tokens reinforces market confidence, as strong hands appear willing to defend their positions. This growing sense of security could play a role in stabilizing the tokens base at current levels.

Market Data Highlights Investor Confidence

Supporting this outlook, BraveNewCoin data shows Uniswap currently trades at $10.13, down just 0.60% in the last 24 hours. Its market capitalization sits at $6.07 billion, backed by a 24-hour trading volume of $330.6 million. This liquidity ensures active participation across exchanges, which is vital for maintaining the cryptocurrencys stability.

Source: BraveNewCoin

The available supply of 600.48 million tokens places the token at #37 among cryptocurrencies by global ranking. Despite market turbulence, the memecoins consistent hold above $9.80 suggests strong buyer interest. Analysts interpret this resilience as a sign of accumulation, particularly when combined with whale activity.

Technical Indicators Point to Momentum

At the time of writing, according to TradingView, Uniswap trades at $9.65, reflecting a 4.60% decline on the day. Despite the dip, momentum indicators lean cautiously bullish. The MACD line has crossed above the signal line, with the histogram flipping green at 0.061, often seen as an early sign of trend reversal.