UNI Breaks Above $10.30 Price Target As Whale 0x4B0d Locks $1.87M Gain From May Accumulation

Whale 0x4B0d sold 662,606 UNI for $5.85M earning a $1.87M profit after reentering in late May.

UNI surged 17.12% in 24 hours, reaching $10.59 with $1.64B in volume and a $6.66B market cap.

Price broke above $10.30, confirming a bullish breakout and approaching the next target of $13.70.

A whale investor has returned to the Uniswap market with a significant trade, ending a three-year break. Wallet address 0x4B0d recently sold 662,606 UNI tokens for $5.85 million, securing a $1.87 million profit.

History of The Whale Transaction

In late May, the same wallet accumulated the 662,606 UNI tokens for $3.97 million, priced at $5.99 each. This marked their first purchase since 2021, breaking the three-year dormancy without even a single activity. The whale’s earlier entry into Uniswap occurred in 2020 when they bought 450,000 digital assets at $3.87, totaling $1.74 million.

That investment was later sold at the token’s peak price of $42.88 in May 2021, earning $17.6 million. The same wallet then re-entered the market by purchasing 266,800 assets at $26 per token, spending $6.9 million.

That trade resulted in a significant loss, with the tokens sold later at $11.14 each, reducing the return to $2.95 million. This translated into a realized loss of $3.95 million on that particular move. Despite the earlier setback, the whale’s latest exit restored overall profits. In total, wallet 0x4B0d has gained $13.65 million from trading since 2020, based on on-chain data.

UNI Current Market Trend Revealed

Tracking the current market action at the time of press, CoinMarketCap data indicates that cryptocurrency price surged by 17.12% in the last 24 hours, reaching $10.59 at press time. The market cap increased by 17.03%, totaling $6.66 billion. Trading volume rose sharply, climbing 68.11% over 24 hours to reach $1.64 billion.

Source: CoinMarketCap

Uniswap’s fully diluted valuation is now $10.56 billion. The volume-to-market-cap ratio over the same period is 24.8%, reflecting elevated trading activity. The price chart shows Uniswap began its sharp rise after touching a low near $9.15. The token then gained consistently, peaking just above $10.50 before a minor pullback. Throughout the time, price momentum remained strong with minimal retracement.

UNI Hits Target Level as Price Action Extends Beyond $10.30

Uniswap broke out above the long-term descending trendline and crossed the $5.90 entry zone with strong volume. The asset recently reached and surpassed the $10.30 level, touching a new short-term high. Support now holds at $7.70 and $5.76, while the closest stop loss remains at $4.60.

Source: Mind Trader (X)

The breakout near $6.00 was backed by increased volume, confirming strong buying interest. Price has already met the first Fibonacci target at $10.30. The second target at $13.70 now becomes the next upside level, based on the 0.618 retracement zone. Uniswap previously hit a low of $4.55 and a historic high near $19.47.

Between April and May, the price retested support zones multiple times before confirming the upward reversal. The shift above $6.00 marked a clear change in momentum. Buyers remained active throughout early June and pushed the price above resistance. Rising volume and continued accumulation support the move beyond $10.00. Uniswap now trades above all recent supports and maintains strong technical positioning on the daily timeframe.