Uniswap aims for a rally following positive on-chain data

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Uniswap aims for a rally following positive on-chain data
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DeFi token Uniswap (UNI) is trading at $7.15 on Thursday, with the Uniswap Exchange Flow Balance showing a negative spike that suggests a bullish price move.

Uniswap Exchange Flow Balance shows a negative spike, signaling a bullish price move. Supply Distribution reveals that one cohort of whales seized the opportunity and bought UNI dips. UNI's Development Activity is rising, and Supply on Exchange is decreasing, suggesting a bullish outlook. Investors should be cautious about decreasing Active Addresses. DeFi token Uniswap is trading at $7.

UNI Exchange Flow Balance and Supply on Exchanges chart Santiment's Supply Distribution metric shows that whales with 1 million to 10 million UNI tokens dropped from 354.44 million to 344.48 million from July 30 to July 31. Meanwhile, wallets holding 10 million to 100 million UNI surged from 115.28 million to 125.3 million in the same period.

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