Crypto NewsAltcoinWhales Are Rushing to Withdraw Their Assets from Exchanges in a Certain...

Whales Are Rushing to Withdraw Their Assets from Exchanges in a Certain Altcoin

In the cryptocurrency market, an altcoin is witnessing whales withdrawing assets from exchanges, according to on-chain data.

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Cryptocurrency analytics company CryptoQuant noted that the increase in Uniswap tokens withdrawn from centralized exchanges has reached remarkable levels.

According to the company’s analysis, the large-scale UNI outflows, particularly via Binance, in the last week of May indicate that large investors are restructuring their positions in the market.

According to CryptoQuant data, the top 10 largest outbound transactions recorded on May 8th totaled 13,360.87 UNI. This figure stands out as the highest level seen since November 2025.

The company stated that the outflow amount decreased to 9,986.51 UNI on May 10th, but the level remained high. During the same period, the 7-day moving average rose to 8,639.50 UNI, marking the highest average seen since July 2025. According to CryptoQuant, this indicates that the movements are a sustainable trend rather than one-off transactions.

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The analysis argued that large-scale token outflows from exchanges generally point to two different scenarios. The first is a tendency for investors to hold long-term assets, and the second is a repositioning of assets before potential large-scale sell-offs. It was noted that the UNI price is trading around $3.99, and that current movements could indicate tactical shifts within the market.

CryptoQuant also noted that exchange exits have historically been observed before significant price movements. Specifically, the fact that the 7-day moving average remains high could indicate the formation of a common trend within the institutional market.

The company stated that the next 7 to 10 days will be critical, and that a continuation of the upward trend could signal strong investor confidence and potential price support. However, it also warned that a reversal of the upward trend could lead to a shift in market sentiment.

*This is not investment advice.

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