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Uniswap moves from strength to strength; UNI reacts by…

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Uniswap moves from strength to strength; UNI reacts by...

Despite UNI’s rising reserves on exchanges, the number of whales holding UNI has seen a decline. This decline in whale interest may have adverse effects on the price of UNI.

The MVRV ratio for UNI, which compares the market value of the token to its realized value, experienced a significant decline at the time of writing. This suggested that most holders were not profitable at press time, as the price of UNI has dropped materially.

 

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