Crypto Whales Shift Millions in UNI and SOL Amid Market Turbulence

ChainCatcher reports significant movements in major tokens UNI and SOL by whales and institutions, with notable transfers to Anchorage Digital and large-scale staking activities recently observed.

These activities underscore institutional strategies in DeFi, impacting market liquidity and potential price volatility, as depicted by on-chain metrics and investment rounds valued in billions.

Whale Strategies: UNI Transfers and SOL Staking

A major whale transferred 5.35 million Uniswap tokens to Anchorage Digital’s institutional platform, with part flowing to a centralized exchange. Concurrently, a whale staked 268,395 Solana after a significant Coinbase withdrawal. These moves underscore sustained institutional focus on DeFi platforms and tokens.

Analyst from Onchain lens: “Identified a whale address staking 268,395 SOL worth $60.7 million after withdrawal from Coinbase.” – ChainCatcher

Analyst from Onchain lens: “Identified a whale address staking 268,395 SOL worth $60.7 million after withdrawal from Coinbase.” – ChainCatcher

Price Movements and Historical Context of UNI and SOL

Did you know? Large-scale staking activities like those involving SOL have historically tightened liquidity and occasionally resulted in upward price pressure, as the availability of tokens for trade reduces.

Uniswap’s price currently stands at $10.11, with a market cap of $6.37 billion according to CoinMarketCap data. Prices have shown varied movements over the past periods, with a 2.89% increase in the last 24 hours and a larger 34.27% gain over 90 days, reflecting volatility.

Coincu’s research team projects these shifts may lead to increased institutional investing in DeFi markets. Such trends were previously associated with technology-driven ecosystem expansions and regulatory scrutiny, potentially affecting future market structures.