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Why UNI’s latest rally is more than just ETH whales showing increased interest

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  • UNI was among the cryptos that the top 100 ETH whales were holding
  • Funding rate and MVRV Ratio increased, with growth in the NFT space

Uniswap [UNI] outperformed several other cryptos with a larger market capitalization by registering double digit gains in a single day.

CoinMarketCap’s data revealed that UNI’s price increased by over 11% and 23% in the last 24 hours and week, respectively. At the time of writing, UNI was valued at $6.78 with a market cap of more than $5.1 billion. 


Realistic or not, here’s UNI’s market cap in BTC’s terms


The recent uptrend might have played a key role in garnering whale interest. WhaleStats, a popular Twitter handle that posts updates related to whale activity, revealed that UNI was among the cryptos that the top 100 Ethereum whales were holding. 

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