Despite 6% Dip and $82M Dump by Institutions, Uniswap (UNI) Remains Up 20% Over 30 Days

Whale Exodus Weighs on UNI Price as Token Loses Key Support Amid Market Jitters

Uniswap’s native token, UNI, is feeling the pressure as bearish sentiment intensifies, driven by large institutional outflows and mounting market volatility. The token’s recent price action paints a grim short-term outlook despite broader monthly gains.

After briefly touching $6.78 during a high-volume spike, UNI faced a steady sell-off, ultimately breaching crucial support levels as trading activity surged across major hours. According to blockchain data, two prominent wallets sent 11.65 million UNI (approximately $82.38 million) to Coinbase Prime—an unmistakable sign of offloading by major holders.

Technical Breakdown at a Glance:

UNI dropped from $6.658 to $6.286, recording a 5.59% loss over 24 hours.
Resistance at $6.78 proved impenetrable, with sellers dominating volume-heavy sessions.
Significant unloading occurred between 05:00–07:00 and peaked again at 10:00, when volume hit a 24-hour high of 2.43 million.
The price pierced through the $6.30 support zone, exposing weakness in the market structure.
Intra-day volatility reached 8.12%, with a trading range of $0.541.
A sharp intraday crash at 13:33 saw the token fall 5.1% in minutes on heavy volume (48.8K).
Additional selling pressure at 13:48 dropped UNI to its lowest point before a late-session rebound lifted it back to $6.304—suggesting short-term stabilization.

Despite climbing 20% over the past month, UNI now faces growing resistance from both technical and fundamental fronts. Unless buyer confidence returns soon, continued institutional selling may lead to a prolonged period of price suppression.