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Uniswap's UNI price drops 18% amid record whale withdrawals from Binance.

Market News
16 Aug 2026
BeInCrypto
View Source
Bearish
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Uniswap's UNI token price fell 18% this week, the worst among the top 100 cryptocurrencies, despite large holders (whales) withdrawing UNI from Binance at the fastest rate in five years. This suggests whales are accumulating rather than selling, even as overall exchange reserves of UNI increased by 7% since August 11. The contrasting movements indicate uncertainty in the market, with some optimism fueled by Standard Chartered's raised outlook on UNI's long-term value. The coming days will reveal which trend—whale accumulation or rising exchange reserves—will dominate UNI's price direction.

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