Whales shift Uniswap tokens – is a major price move coming?

Galaxy Digital’s recent deposit of 600,000 UNI tokens indicates significant market movement. This contributes to a total of 5.26 million UNI tokens worth 40.6 million USD deposited in the past week, potentially signaling upcoming price changes.

Currently, 74.35% of Uniswap holders are facing losses, presenting selling risks if prices rise. UNI’s price is at 7.52 USD, testing a critical demand zone, and increased short liquidations may indicate a short squeeze.

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