Uniswap (UNI) Price Faces $8.87 Risk as Exchange Supply Reaches 60-Day High
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The reserves of UNI, the governance token of Uniswap, parked on centralized exchanges have reached 113.9 million. It is the highest level ever recorded since CryptoQuant started to track this data, at the end of 2020. Key points UNI reserves on Uniswap on centralized exchange have reached a record of 113.9 million [...]
Uniswap UNI exchange reserves hit a record 113.9 million tokens
Uniswap’s governance token just hit a milestone that cuts two ways. Uniswap UNI exchange reserves climbed to a record 113.9 million tokens on centralized platforms this week, the highest level since CryptoQuant began tracking the metric in late 2020. That number alone reads like a classic warning...
Uniswap (UNI) Price Faces $8.87 Risk as Exchange Supply Reaches 60-Day High
TLDR: UNI price remains near $9.29 after a 30% rally, while exchange holdings rise by 6.3 million UNI between September 17 and 23. UNI exchange supply now sits within 0.2% of its 60-day high, increasing the tokens available for potential selling or hedging. Weekly RSI near 73 places UNI in an overbought zone, while $11.50 limits the upside after its recent price advance and rejection. About $10.35 million in cumulative long-liquidation exposure…
UNI is living a paradox: the token accumulates a strong monthly rise while the reserves in exchanges reach a record. Whales withdraw millions of tokens, although other big forks already earn profits.
Binance's UNI reserve increased to 71,584,353 tokens; 4.11 million UNI entries were recorded in September, the highest level seen since June 25.
🚨 Binance's UNI reserves have reached their highest level since June 25th. 📈 $UNI, which has risen approximately 72% from its recent low, has pulled back to $8.90 after reaching $10.90. 🔄 Flows, which were highlighted by approximately 4.11 million UNI inflows to Binance in September, are once again...
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