Whale Who Made $17M on Uniswap (UNI) Returns After 3 Years – Is History Repeating Itself?

Uniswap (UNI) is back in the spotlight this week after a popular whale jumped back into the market with a big buy.

Uniswap (UNI) price is in the spotlight again this week as a popular whale has returned with a large purchase.

According to analyst Nilesh Rohilla on X, the whale had been inactive for three years but has now accumulated more than 662,000 UNI tokens, valued at approximately $3.97 million. The news of the whale’s buying activity sparked a nearly 5% rally in UNI price, generating interest among traders.

This isn’t the first time the whale’s trades have made headlines. Back in 2020, the whale bought into UNI at an average price of $3.87 and sold at the 2021 peak of $42.88, exiting with a massive $17.6 million profit.

However, not every trade went as smoothly. Later, the whale bought 266.8 thousand UNI at an average price of $26 and sold it at an average price of $11.14, resulting in a $3.95 million loss.

Now that the whale is active again, many will be watching the UNI chart closely to see if this move signals a new rally or just another chapter in the ongoing saga of crypto whales and their adventures.

The 4H chart shows that Uniswap is consolidating inside a descending triangle pattern. This pattern formed after a rapid surge from early May, where the asset's price went from less than $5.00 to a local high of $7.70 in less than two weeks.

Since that high, the price has been steadily declining, making lower highs but remaining above horizontal support near the $5.85 zone.

The descending triangle structure suggests a continuation pattern, with the 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.

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 the price breaks above resistance, it may revisit the $7.30 and $7.70 levels where prior profit-taking occurred.

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.