- UNI ($9.00) large transactions have surged by 694% in the last 24 hours.
- Positive on-chain metrics and a bullish long/short ratio suggest the potential for further price gains.
Uniswap [UNI] has seen a significant spike in large transactions recently. The asset’s large transactions have surged by an impressive 694% in the past 24 hours, according to IntoTheBlock’s data.
This surge highlights an influx of whale activity, with big-money players potentially driving the market as UNI’s price finds support at the $12 level.
Historically, heightened whale activity often signals increased confidence in a token. For UNI, it could set the stage for notable price movements.