Binance UNI Reserve Hits Six-Month High as Token Climbs Above $10

What to Know

• Binance held 71.58 million UNI as the token closed above $10, pairing a six-month reserve high with a strong rally.
• Trading volume and active addresses climbed alongside sustained UNI deposits, although exchange inflows alone cannot establish actual selling by holders.
• The analyst’s proposed monetary easing explanation conflicts with the Federal Reserve’s September decision to raise interest rates instead of cutting.

 

Uniswap (UNI) climbed above $10 as its reserve on Binance reached a six-month high, raising questions about the rally’s supply. According to CryptoQuant analyst CryptoOnchain, Binance held 71,584,353 UNI on September 22, the highest reading in the chart’s six-month window. UNI closed at $10.209 on the same date, placing its price at a six-month high as exchange balances increased.

The combination matters because tokens held on an exchange can enter the market more easily than tokens kept elsewhere. However, a deposit does not prove that its owner intends to sell, and the chart does not track subsequent trades.

Between September 17 and September 22, UNI rose from $7.78 to $10.21, gaining roughly 31% across the period. Meanwhile, Binance’s reserve climbed from about 64.9 million UNI to 71.6 million UNI, an increase of approximately 10.3%.

CryptoOnchain reported a net inflow of 2.60 million UNI on September 18, followed by another 1.89 million UNI on September 22. Across the week ending September 22, daily netflows averaged a positive 951,249 UNI, indicating that deposits consistently exceeded withdrawals.

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Trading Activity Rises as UNI Accumulates on Binance

Trading volume averaged $18.8 million daily during the September 17–22 advance, according to figures accompanying the CryptoQuant chart. That was 162% above the quarterly average, showing that the price increase came with substantially more trading activity.

The chart also shows active addresses rising to 4,217, while the analyst reported a 95% quarterly increase in network transactions. Those measures point to greater network use, although they cannot establish why individual holders moved UNI onto Binance.

CryptoOnchain interpreted the deposits as holders seeking access to spot liquidity while UNI traded near its six-month high. Consequently, the growing reserve could give potential sellers more readily available supply if buying demand weakens.

For now, the figures show that buyers absorbed the added exchange supply while UNI’s price advanced. They do not establish whether the newly deposited tokens were sold, remained in exchange accounts, or served another purpose.

The analyst also linked broader decentralized finance gains to an alleged Federal Reserve rate cut on September 16. However, the Federal Reserve raised its target range by 25 basis points to 3.75%–4.00%, weakening that proposed explanation.

UNI’s rising price and Binance reserve therefore describe a rally accompanied by greater exchange liquidity. Subsequent netflows and trading activity would show whether buyers keep absorbing that supply or the balance shifts toward selling.

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