At the start of 2025, a previously inactive cryptocurrency wallet holding a substantial amount of Uniswap (UNI) tokens resurfaced, drawing widespread attention from the crypto community. The wallet, dormant for over a year, made a major move as it capitalized on UNI’s recent price rally.
Onchain Lens, a blockchain analytics platform, revealed details about the wallet via its X account. According to the data, the wallet liquidated 119,000 UNI tokens for $1.79 million USDC, achieving an average price of $15 per token. Remarkably, this same wallet initially acquired 886,507 UNI tokens worth $5.82 million four years ago. Despite the sale, it still retains a sizable balance of 400,000 UNI tokens, valued at approximately $6 million. Some speculators believe the wallet may be linked to the Methuselah Foundation.
The timing of this sell-off aligns with broader profit-taking activities among Uniswap whales. For instance, just three weeks ago, another large investor sold 1.495 million UNI tokens on Binance, netting a $13.7 million profit after a five-month holding period. Similarly, another wallet offloaded nearly 5 million UNI tokens on Coinbase Prime, earning $80.97 million following more than four years of dormancy. These calculated transactions underscore the strategic approaches whales adopt to optimize gains during market volatility.
Uniswap: Price Recovery and Market Outlook
Uniswap’s resurgence from bearish trends has fueled optimism among investors. UNI has climbed 12.7% over the past week, trading at $15.07 with a 72.4% increase in trading volume. After hitting a high of $19.2 in December 2024, the token experienced a pullback, briefly falling below $13. However, renewed market momentum has positioned UNI for potential long-term growth, with analysts predicting a bullish trend driven by the anticipated altcoin season of 2025.
Contributing to Uniswap’s recovery is the platform’s strong performance and consistent innovation. The decentralized exchange (DEX) processed a record-breaking $2.9 billion in daily transactions as of January 2, 2025. Additionally, its strategic expansion into layer 2 networks, particularly through its October launch of Unichain on the Optimism ecosystem, has spurred remarkable growth. Over the past year, layer 2 transaction volumes on Uniswap surged 650%, reaching a staggering $30 billion in December 2024.
With its robust platform, user-friendly features, and continued innovations, Uniswap remains a prominent player in the decentralized finance (DeFi) space, poised for further success in the evolving crypto market.
