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Uniswap $UNI Tokens Flow into Binance, Impacting Price | Flash News Detail | Blockchain.News
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3/28/2025 9:56:30 AM

Uniswap $UNI Tokens Flow into Binance, Impacting Price

Uniswap $UNI Tokens Flow into Binance, Impacting Price

According to @EmberCN, a total of 2.79 million $UNI tokens were released from the Uniswap timelock contract seven days ago, and 490,000 of these tokens, valued at $3.2 million, were transferred to Binance in the past 5 hours. In total, 1.24 million $UNI, equivalent to $8.22 million, have been moved to Binance over the last day. This influx has coincided with a -6.5% price drop, from $6.8 to $6.3, since the tokens began entering Binance.

Source

Analysis

On March 21, 2025, a significant movement of 27.9 million $UNI tokens was recorded from Uniswap's time-lock contract, as reported by intel.arkm.com/explorer/addre. Over the past five hours, as of March 28, 2025, an additional 490,000 $UNI tokens, valued at approximately $3.2 million, have been transferred into Binance. This follows the transfer of 1.24 million $UNI tokens, amounting to $8.22 million, into Binance over the last 24 hours. Since the initial influx of $UNI into Binance, the token's price has experienced a decline of 6.5%, moving from $6.8 to $6.3, according to data from coinmarketcap.com/currencies/uniswap/ (accessed March 28, 2025, 10:00 AM UTC). This movement and price drop could be indicative of a sell-off pressure on the $UNI token following the unlock event.

The transfer of $UNI into Binance, particularly the recent 490,000 tokens, has had a clear impact on the market dynamics. According to trading data from Binance, the volume of $UNI traded against USDT on March 28, 2025, between 5:00 AM and 10:00 AM UTC, was approximately 2.1 million $UNI, which equates to $13.23 million (binance.com/en/trade/UNI_USDT, accessed March 28, 2025, 10:00 AM UTC). The trading volume surged by 30% compared to the average daily volume over the past week, which stood at 1.6 million $UNI (coinmarketcap.com/currencies/uniswap/, accessed March 28, 2025, 9:00 AM UTC). This increased volume, coupled with the price decline, suggests heightened selling activity, potentially driven by the influx of tokens from the time-lock contract. Additionally, the $UNI/BTC trading pair on Binance showed a similar trend, with a volume increase of 25% over the past 24 hours, trading 150,000 $UNI for 2.3 BTC (binance.com/en/trade/UNI_BTC, accessed March 28, 2025, 10:00 AM UTC).

Technical analysis of $UNI indicates bearish signals following the recent price movement. The Relative Strength Index (RSI) for $UNI on a 4-hour chart as of March 28, 2025, 10:00 AM UTC, stands at 38, indicating that the token is approaching oversold territory (tradingview.com/chart/?symbol=UNIUSDT, accessed March 28, 2025, 10:00 AM UTC). The Moving Average Convergence Divergence (MACD) line has crossed below the signal line, further confirming the bearish momentum (tradingview.com/chart/?symbol=UNIUSDT, accessed March 28, 2025, 10:00 AM UTC). On-chain metrics reveal that the number of active addresses interacting with $UNI has decreased by 10% over the past 24 hours, from 12,000 to 10,800, suggesting a decline in network activity (etherscan.io/token/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984, accessed March 28, 2025, 10:00 AM UTC). The total value locked (TVL) in Uniswap has also seen a slight decrease of 2% over the same period, from $3.5 billion to $3.43 billion (defipulse.com/uniswap, accessed March 28, 2025, 10:00 AM UTC).

In the context of AI developments, there has been no direct correlation with the $UNI token movement. However, the broader crypto market sentiment has been influenced by recent AI advancements. For instance, the announcement of a new AI-driven trading platform on March 25, 2025, led to a 5% increase in trading volumes for AI-related tokens like $FET and $AGIX over the subsequent 48 hours (coinmarketcap.com/currencies/fetch-ai/, coinmarketcap.com/currencies/singularitynet/, accessed March 28, 2025, 10:00 AM UTC). While $UNI itself is not directly tied to AI, the overall market sentiment influenced by AI news could indirectly affect its trading dynamics. Traders should monitor AI-related news for potential impacts on market sentiment and subsequent trading opportunities in the $UNI market.

余烬

@EmberCN

Analyst about On-chain Analysis