Uniswap sees heavy January sell-off as whale dumps and exchange inflows spike Uniswap (UNI) plunged to a two‑year low in January amid a broad market slump and deteriorating structure, then staged only a modest rebound. The token briefly touched $4.10 — a level last seen in November 2023 — and was trading around $4.15 at press time, down roughly 1.14% on the day and showing heightened volatility. Whale returns after five years, sells 2.49M UNI On-chain analytics firm Arkham shows a long-dormant whale resurfaced after five years and sold 2.49 million UNI for about $10.62 million. The holder realized roughly $1.72 million in profit, roughly a 19% gain over the five‑year holding period. Such long-term holders offloading during a downturn often signals reduced confidence and can amplify selling pressure. (Source: Arkham) Exchange flows spike, supply ratio climbs Data from CryptoQuant highlights heavier exchange activity on January 30: exchange inflows surged to a two‑month high of 4.2 million UNI while outflows stood near 1.7 million UNI. As a result, the Exchange Supply Ratio rose to 0.09 — its highest in two months. A rising supply ratio typically indicates increased token distribution to exchanges, elevating the risk of further dumps and reducing scarcity, which can accelerate downward price pressure. (Source: CryptoQuant) Technical indicators point to strong downside momentum Technical momentum also favors sellers. Uniswap’s Relative Strength Index (RSI) slipped into oversold territory, hitting about 27 at press time — a sign of seller dominance. The Relative Vigor Index (RVGI) posted a bearish crossover and sat near -0.12, reinforcing the negative bias. (Source: TradingView) What could happen next - Bear case: If selling persists and exchange pressure continues, UNI could break the $4 support and test lower levels around $3.80. - Bull case: If buyers view the dip as a buying opportunity, accumulation could help UNI hold above $4 and push toward $4.80 on a meaningful reversal. Bottom line January’s outsized sell-off — punctuated by a returning whale and elevated exchange inflows — has increased short-term downside risk for UNI, while technicals point to strong selling momentum. However, oversold conditions can also set the stage for a recovery if demand emerges. Disclaimer: This article is informational only and not investment advice. Cryptocurrency trading carries high risk; do your own research before making any decisions. Sources: Arkham, CryptoQuant, TradingView. © 2026 AMBCrypto Read more AI-generated news on: undefined/news