Uniswap (UNI) is back in the spotlight this week after a popular whale jumped back into the market with a big buy. According to analyst Nilesh Rohilla on X, this whale had been quiet for three years, but now they’ve scooped up more than 662,000 UNI tokens, worth close to $4 million. Right after the news broke, UNI price climbed about 5%, getting traders curious about what might come next.
This isn’t the first time this whale made headlines. Back in 2020, they bought UNI at just $3.87 and sold it at the 2021 peak of $42.88, walking away with a $17.6 million profit. But not every trade went as planned. Later on, they bought again at $26 and ended up selling around $11.14, taking a $3.95 million loss. Now that they’re back, many are watching UNI chart closely to see if this move signals a new rally, or just another trade in the making.
After 3 years, this whale bought 662,606 $UNI($3.97M) again.
— Nilesh Rohilla (@nilesh_rohilla) May 21, 2025
Back in 2020, the whale bought 450K $UNI($1.74M) at a low price of $3.87 and sold it at the peak price of $42.88 in May 2021, earning $17.6M.
However, they later bought 266.8K $UNI($6.9M) at $26 and sold it at… pic.twitter.com/EYLBtdtyHI
What you'll learn 👉
Uniswap Price Movement and Technical Setup
The UNI 4H chart shows that the asset is consolidating within a descending triangle. This pattern formed after a rapid surge from early May, where UNI price climbed from under $5.00 to a local high of $7.70 in less than two weeks. Since that high, the price has steadily declined, forming lower highs while maintaining horizontal support near $5.85.
The descending triangle structure suggests a potential continuation pattern, with a breakout direction yet to be confirmed. Price is currently testing resistance near $6.50. A break above this level, especially over the descending trendline, could signal renewed bullish momentum.
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Uniswap Price Support and Resistance Zones to Monitor
The key horizontal support remains around $5.85, which has been tested multiple times. A breakdown below this level may expose UNI to further downside toward the $4.77 region. On the upside, resistance is located at $6.50, with the descending trendline creating an additional barrier near $6.70.
Volume has remained relatively stable, and the whale activity aligns with this consolidation phase. If Uniswap price breaks above resistance, it may revisit the $7.30 and $7.70 levels where prior profit-taking occurred.
Market Reaction to The UNI Whale Accumulation
Social media commentary has pointed to the whale’s past profitability as a factor fueling interest. The 5% move observed after the accumulation news surfaced may reflect a combination of speculative buying and short-term momentum.
Although previous trades by this wallet have shown mixed results, market participants are watching to see whether this latest buy signals accumulation or a short-term opportunity. Price action in the coming days will be closely tied to whether Uniswap price can escape its current range.
Moreover, the descending triangle remains a focal point for traders. A confirmed move above the upper boundary could suggest the end of the correction. Meanwhile, failure to hold support would shift attention to lower price zones.
For now, the market appears to be pausing, with attention focused on whether whale accumulation will translate into broader buying interest.
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