Most of the prices have seen a steep decline of up to 50% since January 2022. In addition, the collapse of the Terra algorithm and its native currency, Luna, added to the downside, as many investors lost millions of dollars, causing tension in the crypto industry. entire.
But everything seems to be going well for UNI, with its high price ranking it among the top 15 cryptocurrencies by market cap.
According to Santiment’s data, there has been a significant backlog of UNI whales, which explains the recent price hike as well as the rise in title activity.
Santiment reported that UNI daily active coin addresses have risen to over 1,100.
UNI SWAP Whale Addresses Pushing Positive Moves
Whale addresses have shown a positive step since the collapse of UNI in May 2022, as addresses, containing 100,000 to 1 million UNI, have seen a massive backlog over the past two weeks.
Also, Santiment pointed to a backlog of whale transactions last week before the price rose to $9.69.
According to Santiment’s report, the current value is clearly above the danger zone. Despite UNI’s price hike, Santiment advises investors to tread with caution.
Source: NEWS BTC