Whale Withdraws 1.21 Million UNI from Binance
- UNI whale withdraws 1.213 million UNI from Binance.
- Sizable accumulation points to bullish market sentiment.
- Potential impact on UNI price volatility.
A prominent crypto whale with wallet address 0xd41 withdrew 1.213 million UNI tokens, valued at approximately $7.42 million, from Binance on May 23, 2025, according to on-chain data.
Whale Activity and Market Sentiment
The whale, identified by wallet 0xd41, has been accumulating UNI tokens over the past week. This entity extracted 1.213 million UNI tokens from Binance, demonstrating its robust financial power. The activity took place amid significant UNI price fluctuations.
Market Impact and Speculation
The whale’s strategic action implies a potential bullish outlook for UNI. Large-scale accumulation is ongoing, indicating significant liquidity movement. The latest data reveal a total accumulation of 2.16 million UNI over recent days.
Such transactions often trigger increased price volatility, reflecting potential bullish sentiment for Uniswap’s governance token. This aligns with a notable drop in UNI’s price, marking a 15% decrease before the withdrawal.
“This type of whale movement can have profound impacts on market trends, particularly for UNI as a governance token for one of the largest decentralized exchanges on the Ethereum network.” – Market Analysts
Recent data show the whale holds reserves in Tether (USDT), suggesting future market engagements. Market observers remain watchful, anticipating further movements influenced by large-scale crypto transactions in the ecosystem.
