Uniswap is having a moment. Active addresses on the decentralized exchange protocol climbed to a four-month high in mid-June, while whale transactions, those large-scale moves that tend to signal serious institutional or high-net-worth interest, reached levels not seen in seven months.
The timing is not coincidental. Standard Chartered initiated coverage of UNI on June 15, slapping a $100 price target on it by 2030. That kind of endorsement from a traditional banking giant tends to get attention, and in this case, it got wallets moving.
What the numbers look like
UNI’s price surged 22-25% on June 16-17, climbing to highs of $3.70. For a token that had been hovering in the $2.70-$3.50 range, that’s a meaningful pop in a compressed timeframe.
Trading volume tells an even louder story. Daily volumes surged over 100%, nearing or exceeding $600 million per day during the rally.
