Binance Observes Uniswap’s Whale Activity and Bullish Futures Surge
Uniswap (UNI) is currently experiencing significant momentum as bullish activity intensifies across both spot and derivatives markets. The cryptocurrency has seen a rapid price rebound from $5.80 to $6.30, capturing the attention of traders and investors alike. This surge is largely attributed to whale accumulation and strong futures data, which are signaling a potential breakout. The key question now is whether this marks the beginning of a sustained uptrend or merely a short-lived rally. Three days prior, Uniswap attempted to break free from a prolonged parallel channel, further adding to the speculation. As of June 2, 2025, the market is closely watching these developments, with many eyeing Binance for further cues on Uniswap’s trajectory.
Uniswap Sees Whale Activity and Bullish Futures Surge
Uniswap (UNI) is gaining momentum as bullish activity intensifies in both spot and derivatives markets. A rapid price rebound from $5.80 to $6.30 has drawn attention, fueled by whale accumulation and strong futures data signaling a potential breakout. The question remains whether this marks the beginning of a sustained uptrend or merely a short-lived rally.
Three days prior, Uniswap attempted to break free from a prolonged parallel channel, peaking at $7.60 before facing resistance and retreating to $5.80. The pullback, however, failed to trigger panic selling. Instead, it attracted opportunistic buyers, including a whale who scooped up 401,573 UNI tokens worth $2.46 million from Binance—a move tracked by Lookonchain and interpreted as a vote of confidence in UNI’s undervaluation.
On-chain metrics reinforce the bullish sentiment. Spot trading volumes reveal a clear buyer dominance, with 3.18 million UNI tokens purchased recently and a net buying imbalance of 907,000 UNI. This lopsided demand underscores growing institutional interest and sets the stage for further upside.
XRP Supply Shock Incoming? Why It Might Vanish From Exchanges Soon
XRP, the fourth-largest cryptocurrency by market capitalization, has seen its price stabilize at $2.50 after reaching a high of $3.38. Market sentiment is divided, with some investors expressing concern while others view the current price action as a temporary pause. Analysts suggest this could be a critical window to accumulate XRP before a potential supply shock makes the asset scarce on exchanges.
Aduino Fina of Alpha Lions Academy predicts a significant supply shock for XRP, driven by two key factors. First, the protocol’s built-in burn mechanism destroys 0.00001 XRP per transaction, gradually reducing circulating supply. Second, exchange reserves are dwindling as investors MOVE holdings to private wallets. Binance alone has seen its XRP reserves drop by 82 million coins since January, with 183 million XRP withdrawn from the platform this year.
The combination of transactional burns and accelerating withdrawals creates a scenario where XRP could become increasingly difficult to acquire on open markets. This emerging supply dynamic mirrors patterns observed before major price rallies in other digital assets.
