Uniswap Price Declines

Uniswap price trades in the red on Wednesday after falling nearly 9% in the last two days.
Santiment’s Exchange Flow balance for UNI shows a positive spike, suggesting selling pressure from investors.
Latest Lookonchain data showed a whale deposited 2.25 UNI tokens worth $13.71 million into Kraken, likely to cut losses.

Uniswap (UNI) price trades at $5.84 on Wednesday, experiencing a nearly 9% decline over the last two days. This decline is reinforced by UNI’s Exchange Flow balance indicating increased selling pressure, as noted in Santiment’s data. Additionally, Lookonchain reports that a whale deposited 2.25 UNI tokens valued at $13.71 million into Kraken exchange to potentially offset losses.

Uniswap On-Chain Data Shows a Bearish Bias

Trading down to $5.84, Uniswap has reached its lowest levels since August 7, 2024. The on-chain metrics indicate a bearish outlook for UNI.

Santiment’s Exchange Flow balance tracks net token movement in and out of exchanges. A positive flow suggests more tokens entering than exiting, implying selling pressure. From Tuesday to Wednesday, UNI’s Exchange Flow surged from -428,920 to 2.23 million, indicating increased selling activity.

In this period, the UNI Supply on Exchanges rose by 2.67%, revealing declining investor confidence in Uniswap.

UNI Exchange Flow balance chart. Source: Santiment

Furthermore, Santiment’s Daily Active Addresses index shows unfavorable trends for Uniswap, with a persistent decline in active addresses since mid-November, reflecting decreasing demand for the blockchain.

UNI daily active addresses chart. Source: Santiment

According to Lookonchain, a whale holding 2.25 million UNI tokens worth $13.71 million deposited these into Kraken on Wednesday, having accumulated the tokens at an average price of $6.92 between September 7, 2023, and November 18, 2024. Despite an initial projected profit of $26.5 million, the whale is currently facing a $1.86 million loss, prompting these transactions that could amplify selling pressure and further lower UNI prices.

> A whale deposited all 2.25M $UNI($13.71M) to #Kraken 2 hours ago, likely to cut losses.
> The whale accumulated 2.25M $UNI($15.57M) at an average price of $6.92 between Sept 7, 2023, and Nov 18, 2024.
> At its peak, the whale had an unrealized profit of $26.5M but is now down…
> — Lookonchain (@lookonchain) March 12, 2025