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Uniswap sees $12M withdrawals linked to Galaxy Digital amid bearish pressure near $6.84 support

Technical Signals
28 Oct 2026, 05:00 WIB
AMBCrypto
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Bearish
Uniswap sees $12M withdrawals linked to Galaxy Digital amid bearish pressure near $6.84 support

Uniswap (UNI) experienced significant token withdrawals totaling around $12 million from a wallet linked to Galaxy Digital, moving tokens from major exchanges to OTC and unknown wallets. Despite these large outflows suggesting potential institutional accumulation, UNI faces bearish technical indicators with selling pressure keeping the price near $6.84 support. The token struggles to reclaim resistance at $7.50, and bearish signals imply a risk of further decline toward $6.00 if support fails. The ongoing withdrawals and net outflows highlight a complex scenario of accumulation amid weak price momentum.

Uniswap's UNI token shows a slight gain of 0.09% on Pluang, trading at Rp129.132 as of Oct 28, 2026 09:11 WIB. Despite the recent $12 million withdrawals noted in the news, Pluang data reveals a balanced market with 58% buy orders and a typical holding period of 65 days, indicating steady investor interest.

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