Uniswap Price Slides As Binance Absorbs Millions Of Tokens – Traders Are Watching
Uniswap remains under pressure as price keeps falling, but on-chain flow data shows an unusually large shift in UNI moving onto Binance. The 7-day Binance netflow has flipped strongly positive at +145,829 UNI, about 6,019% above the three-month baseline. Daily inflows were extreme too: 1.8 million UNI on May 25 and over 3.1 million on May 27, totaling nearly 5 million UNI in two days while price dropped from above $4.20 to near $3.10. The pattern looks bearish because inflows are rising while price weakens, which usually suggests holders are preparing to sell. Inflow volume is up 183% from average, and average transfer size is up 285%, indicating large holders rather than retail activity. Binance’s UNI reserves are higher in token terms, though dollar value is down 4.95% because of the price decline. Active addresses are still 3% above baseline, so usage remains healthy; the key question is whether these deposits turn into selling or get absorbed.
