Whale buys 1.32 million UNI as analyst sets $7.80 breakout target

Uniswap (UNI) is drawing renewed attention from market participants following a series of significant purchases by a major cryptocurrency whale. On-chain analytics provider Lookonchain reported that wallet address 0xC374 acquired an additional 308,517 UNI—amounting to roughly $2.13 million—within the past day. Over the last 45 days, the same wallet has accumulated approximately 1.32 million UNI, valued at a combined $11.05 million. Address 0xC374 has employed a steady accumulation strategy, opting for multiple purchases over several weeks instead of a single large buy. This approach has attracted attention among UNI traders, who often monitor whale activity for indications of shifting market sentiment. Large-scale buying by major holders can sometimes influence perceptions of a token’s prospects, particularly during periods of uncertainty.

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