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Uniswap (UNI) Falls 6% as Institutions Offload $82M, Still Up 20% in a Month
Massive exchange deposits signal bearish sentiment as Uniswap's native token breaks critical support levels amid heightened market volatility.
What to know:
- UNI token plummets 5.59% in 24 hours, dropping from $6.658 to $6.286 amid heightened market volatility.
- Major institutional addresses moved over 11.65 million UNI tokens ($82.38M) to Coinbase Prime, following another 9 million UNI deposit just two weeks prior.
- Uniswap introduces one-click swaps for smart wallets with EIP-5792 support, aiming to improve user experience despite market turbulence.
The cryptocurrency market is experiencing significant turbulence as Uniswap's UNI token faces intense selling pressure.
After establishing resistance at $6.780, UNI cascaded downward with multiple high-volume selling periods, breaking below critical support levels, according to CoinDesk Research's technical analysis data model.
STORY CONTINUES BELOW
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This volatility comes as blockchain data reveals large institutional holders transferred substantial UNI positions to centralized exchanges, with two addresses moving 11.65 million tokens ($82.38M) to Coinbase Prime.
Technical Analysis Highlights
- UNI-USD declined from $6.658 to $6.286, representing a 5.59% drop over 24 hours.
- The token established a clear resistance level at $6.780 during the midnight hour with high volume (2.02M).
- Multiple high-volume selling periods occurred between 05:00-07:00 and again at 10:00, with the latter seeing the highest 24-hour volume (2.43M).
- Price broke below the critical $6.30 support level during the high-volume selling.
- The overall trading range of $0.541 (8.12%) reflects heightened volatility.
- In the last hour, UNI experienced extreme volatility with a dramatic price collapse from $6.387 to a low of $6.239 (2.3% drop).
- A severe breakdown occurred at 13:33 when price plummeted 5.1% on massive volume (48.8K).
- Even heavier selling at 13:48 (116.4K volume) drove UNI to its hourly low.
- A notable recovery emerged in the final minutes, lifting the price back to $6.304, establishing a potential short-term support zone.
External References
- "Uniswap price prediction 2025-2031: Will UNI keep steady?", Cryptopolitan, published May 15, 2025.
- "Uniswap Price Prediction 2025, 2026 – 2030: UNI Price Hit $30 This Year?", CoinPedia, published May 15, 2025.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
AI Boost
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy.
