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Uniswap faces selling pressure as whales move millions of UNI to exchanges, risking a drop to $3 support level.

Market News
14 Aug 2026
AMBCrypto
View Source
Bearish
Uniswap faces selling pressure as whales move millions of UNI to exchanges, risking a drop to $3 support level.

Uniswap (UNI) has experienced strong selling pressure recently, with major holders transferring millions of UNI tokens to exchanges like Binance and Bybit. A Cumberland-linked wallet moved 2.5 million UNI worth $8.73 million, while another long-term holder sold 9.29 million UNI valued at $33.46 million. This increased sell-side supply amid weak market demand has pushed UNI's price down, with technical indicators signaling bearish momentum. If selling continues, UNI may test the $3 support level, although renewed buying interest could help defend around $3.40.

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