Uniswap Whales Split as $11M UNI Accumulation Meets $7.32M Sell-Off

TLDR:

• Wallet 0xC374 accumulated 1.32 million UNI worth $11.05 million over 45 days.
• Another whale sold $7.32 million in UNI but still holds approximately 19.3 million tokens.
• UNI trades near $7.03, with CoinGecko reporting a 1.42% daily price increase.
• A break below $6.85 could expose UNI to $6.50, with $5.80 a deeper downside scenario.

Uniswap whales are taking opposite positions as one large investor accumulates UNI while another reduces holdings. Wallet 0xC374 recently purchased another 308,517 UNI worth $2.13 million, according to blockchain analytics platform Lookonchain.

The latest transaction brings its total purchases to 1.32 million UNI worth $11.05 million over 45 days. Meanwhile, another whale has sold $7.32 million in UNI over two days. The competing transactions came as UNI’s price trades near $7.00.

Uniswap Whale Accumulation Meets Heavy Selling Pressure

Lookonchain reported that wallet 0xC374 purchased 308,517 UNI approximately 10 hours before its update. The transaction represents another addition to an accumulation strategy that has continued for 45 days.

Whale 0xC374 bought another 308,517 $UNI ($2.13M) 10 hours ago.

Over the past 45 days, the whale has bought a total of 1.32M $UNI ($11.05M).https://t.co/3B2T9sFKef pic.twitter.com/hHenX9Uqvu

— Lookonchain (@lookonchain) November 7, 2026

The wallet has now accumulated 1.32 million UNI, valued at approximately $11.05 million. This sustained buying could reduce the amount of UNI available for immediate trading if the investor continues holding.

However, another large holder is moving in the opposite direction. The whale reportedly sold $7.32 million in UNI over two days after receiving 20.32 million tokens from Uniswap’s Timelock wallet more than a year ago.

Despite the recent sales, the address still holds approximately 19.3 million UNI. Its remaining position means further distributions could introduce additional selling pressure.

These transactions reveal different strategies among large UNI holders. One investor continues building exposure, while another gradually reduces an existing position.

The accumulation has attracted bullish interpretations from market observers. Hupzy described the sustained purchases as a potential supply-lock signal, although continued holding remains essential.

UNI Price Faces $6.85 Support as Whale Activity Divides Traders

UNI was trading around $7.03, according to CoinGecko’s latest price data. The token gained 1.42% over 24 hours and 1.19% over seven days.

Its 24-hour trading volume reached approximately $303.59 million. These figures show modest positive price performance despite contrasting whale transactions.

However, traders are also watching UNI’s short-term technical structure. Crypto With Gopal identified a potential head-and-shoulders formation on the one-hour chart.

The analyst highlighted 6.85–6.90 as the neckline support zone. A breakdown below this range could expose UNI to further declines toward $6.50.

The bearish structure introduces uncertainty despite the ongoing whale accumulation. If selling pressure increases, traders could interpret the breakdown as confirmation of weakening momentum.

$UNI | Uniswap 👀
Printing a potential Head & Shoulders formation on the 1H chart! Sellers are forming a bearish structure after the recent rally, with the $6.85–$6.90 neckline acting as crucial support.

UNI is trading near $7.00. A breakdown below $6.85 could trigger further… pic.twitter.com/WVkztZKXN0

— Crypto With Gopal (@cryptowithgopal) November 7, 2026

Analysts also warn that continued weakness could push UNI toward $5.80. However, that remains a downside scenario rather than a confirmed price target.

The competing whale transactions therefore create two different signals for UNI holders. Sustained accumulation could tighten available supply, while continued distributions could limit recovery attempts.

For now, $6.85-$6.90 represents the immediate technical area to watch. Whether UNI holds that support may determine if buyers regain control or sellers extend the decline.