UNI token price dropped 18% over the past week, posting the steepest decline among the top 100 cryptocurrencies by market cap. Meanwhile, whales withdrew UNI from Binance at the fastest pace in five years, with a monthly average of 7,300 UNI leaving the platform daily through the ten largest transactions. Analyst Darkfost observed this trend particularly when UNI’s price approached $3. Simultaneously, UNI reserves across all platforms tracked by CryptoQuant rose from 103 million to 110.3 million tokens. Standard Chartered maintained a bullish long-term outlook, with analyst Geoffrey Kendrick estimating token burns at nearly $90 million per year.
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