Binance Accumulates Over 71 Million UNI Tokens as Price Reaches Six-Month High

Binance, the world's largest cryptocurrency exchange, has increased its reserve of Uniswap's governance token, UNI, to 71,584,353 tokens, marking the highest level in six months. The price of UNI closed at $10.209 on September 22, reflecting a significant 108% increase from its quarterly baseline. This surge in price coincides with substantial inflows to the exchange, raising questions about future market dynamics.

During the week ending September 22, Binance experienced an average daily net inflow of 951,249 UNI tokens. Notably, September 18 saw a remarkable net addition of 2.60 million UNI, followed by another 1.89 million on September 22. This increase represents an 18-19% rise in Binance's holdings compared to earlier snapshots from 2026, which indicated reserves around 60 million UNI. Trading activity has also surged, with average daily volume for UNI reaching $18.8 million, a 162% increase over the quarterly average.

On-chain data supports this trend, showing a rise in active addresses to 4,217 and a 95% increase in network transactions quarter-over-quarter. Analysts suggest that the accumulation of UNI at Binance may indicate a buildup of sell-side liquidity rather than a scarcity of tokens. This trend follows the Federal Reserve's recent decision to cut interest rates by 50 basis points on September 16, which may have influenced the timing of these inflows.

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Source: KLEA News