The short version
- Uniswap Foundation money is on the move: the wallet that got the Foundation’s 20.3 million UNI grant sent 1 million UNI, about $7.3 million, to Binance on November 4 and 5.
- On the other side, a whale wallet that has never sent a transaction withdrew 1.32 million UNI from Binance in 45 days, about $11.05 million, and is roughly $1.8 million under water at $7.00.
- The Foundation wallet still holds 13.3 million UNI, about $93 million, and its own report says that UNI is kept for future runway needs.
1 million UNI. That is how much a wallet holding the Uniswap Foundation’s treasury money sent to Binance this week, about $7.3 million. On the other side of the same exchange, a quiet buyer has been pulling UNI out for 45 days and now sits on 1.32 million tokens.
Lookonchain flagged both moves, but only called the seller “a whale” that received UNI from the Uniswap Timelock. The amount gives it away. The wallet got exactly 20,320,405 UNI from the DAO treasury on March 21, 2025, the same 20.3 million UNI the Foundation says it received under the “Uniswap Unleashed” funding vote.
UNI trades at $7.00 at the time of writing, up 0.4% on the day but down almost 12% over the past 30 days.
Here is the Lookonchain post on the deposits:
A whale dumped 1M $UNI ($7.32M) over the past 2 days.
The whale received 20.32M $UNI ($139.4M) from the Uniswap UNI Timelock wallet over a year ago.
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How the Uniswap Foundation’s 1M UNI Reached Binance
Through four hops. On November 4 and 5, the Foundation wallet 0x5069 sent 3.25 million UNI to a new wallet, which passed 2 million of it to a busy middle wallet. That one split 1 million UNI between two more addresses, and both sent everything to the same Binance deposit address: 500,100 UNI late on November 4 and 500,000 UNI at 20:14 UTC on November 5.
Then part of it came back. On November 6, 1.75 million UNI went back to the Foundation wallet, and about 500,000 UNI still sits in the first hop. So the net drop in the wallet is 1.5 million UNI, of which 1 million landed on Binance.
UNI had its worst day of the month in the middle of it. The token fell 10.6% on November 5, from $7.63 to $6.82 on Binance.
Is the Foundation selling? A deposit is not a sale, and the Foundation has not commented. But its own FY2025 report says the UNI it holds is there “for future runway needs.” At the end of 2025 it had $49.9 million in cash and stablecoins plus 15.1 million UNI, and it expected the money to last until January 2027.
The wallet still holds 13.3 million UNI and $9 million in USDC.
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Who Is the UNI Whale on the Other Side?
Not an exchange. The UNI whale’s wallet 0xC374 has never sent a single transaction. Everything in it arrived as withdrawals from Binance hot wallets, and nothing has left.
Whale 0xC374 bought another 308,517 $UNI ($2.13M) 10 hours ago.
Over the past 45 days, the whale has bought a total of 1.32M $UNI ($11.05M).
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The buying came in three rounds:
- September 24: 814,020 UNI, a day after UNI topped at $10.94.
- October 10: 200,000 UNI, near $7.59.
- November 6: 308,517 UNI, about $2.13 million, a day after the second Foundation deposit landed on Binance.
Lookonchain puts the total at $11.05 million, an average of about $8.36 a token. At $7.00, that is roughly $1.8 million in the red. The same wallet also withdrew 2.46 million ONDO on October 16. Lookonchain counts these withdrawals as buys, since the coins left Binance for a wallet that only holds.
SIDE TRAIL: a16z Hyperliquid Wallet Sends $6.5M of HYPE to Five Exchanges in a Day
UNI Price: Where the Levels Sit
The UNI price is stuck in a range. Since mid-October every daily close has landed between $6.47 and $7.63, under the 50-day moving average (MA) at $7.90. The October 29 low at $6.254 is the floor of that range.
Above, $7.48 and $7.79 are the swing highs to clear before the 50-day MA. The whale’s own average near $8.36 is the next mark, a level where a buyer who is under water gets back to even. The 200-day MA is far below at $4.85, a sign of how big the summer rally from $2.32 was.
TRAIL MAP: On-Chain Metrics That Matter: MVRV, Realized Price and Exchange Flows
For scale: 13.3 million UNI is still in the Uniswap Foundation wallet, about $93 million, or ten times what the whale has bought so far.
VikingXBT has been trading crypto since 2017. The focus is futures, onchain data and automation. Onchain flows get checked before a chart is trusted, and anything repetitive gets automated. VikingXBT built Base Camp's own onchain scanner, which flags bundlers, snipers, dev holdings and wallet clusters in one view, and backtests strategies before trading them.
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