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Uniswap whale buys $1M in UNI amid weak market, signaling potential demand recovery.

Market News
19 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Uniswap's UNI token has been trading downwards, struggling due to low capital flow and cautious investors. Recently, a whale bought 299,454 UNI worth $1.03 million, increasing their holdings to 763,061 UNI valued at $2.7 million, indicating renewed confidence. Exchange data shows sustained outflows and a drop in supply, suggesting buyers are accumulating. Despite this, the market remains weak with technical indicators pointing to continued downside risk. UNI is likely to trade between $3.2 and $3.6 unless whale-driven demand strengthens to push prices higher.

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