Uniswap Rallies 11% as UNI Reclaims Key $4 Price Level

Uniswap’s native token, UNI, climbed above the $4 psychological level on Thursday for the first time since early May as buying activity increased. 

At the time of this writing, UNI was trading for $4.40, representing an 11% surge over the last 24 hours. Trading volume rose 22% to around $368 million, while the token’s market cap increased by 11% to $2.75 billion.

Why is Uniswap surging today?

Whale activity appears to be one of the key drivers behind the rally. Market maker Wintermute recently moved more than $1 million worth of UNI to deposit wallets across several major crypto exchanges, including Binance, Bybit, OKX, and Gate. 

At the time, UNI was trading near $3.70 before climbing to around $3.90 as traders reacted to the transfers and watched for a breakout above the $4 level.

In an X post, blockchain analyst Nazoku wrote, “Within the past 2 hours, Wintermute has sent over $1m worth of $UNI to its deposit wallets across several CEXs, including Binance, Bybit, OKX, and Gate. $UNI has edged up from $3.7 to $3.9 and is now aiming to break above $4 for the first time in July.”

Within the past 2 hours, Wintermute has sent over $1m worth of $UNI to its deposit wallets across several CEXs, including Binance, Bybit, OKX, and Gate.$UNI has edged up from $3.7 to $3.9 and is now aiming to break above $4 for the first time in July.

Wintermute appears to be… https://t.co/oEQkh7AZQ0 pic.twitter.com/JxnbIXUAG1

— Nazoku (@Nazo_ku) July 28, 2026

Not long after that, UNI achieved exactly what many traders had been waiting for. The token climbed above $4 as another large investor entered the market. 

According to Nazoku, a wallet linked to crypto trading firm Cumberland bought about $6.12 million worth of UNI before moving the entire amount to a wallet connected to Monetalis. 

The transactions drew attention because they suggested continued institutional interest in UNI. Despite exchange-related transfers that are often viewed as potential selling signals, buyers continued absorbing available supply, allowing UNI to hold above the key $4 level.

Trading activity picks up across the market

Data from Coinglass shows that open interest has increased by 15.66% to around $311.50 million.

Meanwhile, future trading volume surged by 32% to roughly $493 million. This means that traders are actively trading the market, pushing the price up as they enter more positions. 

UNI faces its next major price test

The chart on the daily time frame shows how the price action played out. UNI is demonstrating strong bullish momentum, printing its third consecutive green daily candle after breaking out above a recent consolidation range. 

The price is rapidly approaching a key resistance zone between $4.50 and $4.80; a decisive daily close above $4.80 could pave the way toward the $6.00 target. 

However, with the 14-day RSI entering overbought territory at 74.14, traders should monitor for potential short-term resistance or a healthy pullback toward the primary support region at $3.66. 

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