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Uniswap V4: Whales accumulate in anticipation of bull run

2min Read

The news of Uniswap’s V4 did little to move UNI’s prices. However, whales have been accumulating tokens.

Uniswap V4: Whales accumulate in anticipation of bull run

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  • Uniswap V4 has been announced with some new features.
  • UNI whales have started accumulating, boosting the likelihood of a bullish outcome.

On 1 September, Uniswap [UNI] revealed that Uniswap V4 was in the works, and will be released soon. It has been over two years since Uniswap V3 rolled out, and it has been quite successful, with its trading volume crossing the $1.5 trillion mark.

Is your portfolio green? Check out the UNI Profit Calculator

According to the statement, Uniswap plans to offer even more flexibility with Uniswap V4, with features like programmable liquidity. The network also announced that it will introduce plugins called hooks.

These will facilitate more customizations in the way fees, swaps and LP positions interact.

UNI’s price analysis

Despite the news of Uniswap V4’s release, UNI’s price action lacked excitement at press time and has been on a bearish trajectory since the start of August. However, its latest downside just pushed it back into oversold territory.

UNI exchanged hands at $4.36 at press time, but will these findings trigger a bullish resurgence now that it is oversold? Well, there is a chance that it might extend its downside to or below the $4 mark.

This is an important level because it previously highlighted a support and accumulation zone. The price bounced back to the same zone in June, followed by a 50%+ rally.

UNI price action

Source: TradingView

One might expect that bullish momentum will start building up based on the above observation. This is evident in UNI’s weighted sentiment metric, which recently peaked at a new monthly high at the end of August.

Read Uniswap’s [UNI] Price Prediction 2023-24

This confirmed that traders anticipated a bullish outcome. Perhaps the biggest sign that the bulls might take over is the recent whale activity.

UNI whale activity and weighted sentiment

Source: Santiment

Notably, top exchange whales have been accumulating UNI in the last two weeks. The amount held by top whales in general grew slightly from its monthly low to its press level.


Michael is a full-time journalist at AMBCrypto. He has 5 years of experience in finance and forex and more than two years as a writer in the crypto and blockchain segments. Michael's writing at AMBCrypto is primarily focused on cryptocurrency market news and technical analysis. His interests include motorcycles and exotic cars.
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