Binance UNI Holdings Top 71M as Uniswap Rally Faces Selling Pressure

Summary

• Binance UNI holdings hit 71.58M tokens at peak of 72% price rally
• All-time high 113.9M UNI now sits on exchanges signaling potential sell pressure
• Recent burn of 184,000 UNI may help offset some supply concerns

Binance UNI holdings hit 71,584,353 tokens in late September. This marks the exchange's highest reserve in months. It lines up with a 72% Uniswap price surge from recent lows.

The move follows weeks of steady buying.

Total UNI on centralized exchanges reached a record 113.9 million tokens according to CryptoQuant data. These figures appear in reports released around September 24.

"Uniswap (UNI) holdings on centralized exchanges have climbed to a record high of 113.9 million tokens, CryptoQuant data shows."

, Record High UNI Sits on Exchanges (https://finance.yahoo.com/markets/crypto/articles/record-high-uni-sits-exchanges-084949735.html)

Context

Binance built up its UNI position as the token climbed on spot markets.

The timing comes after several weeks of buying that lifted holdings past earlier peaks. Exchange reserves are rising right as one platform accumulates. This setup follows the sharp price advance.

It happens before any sustained consolidation.

Details

The 72% rally lifted UNI from its recent base. Yet an intraday reversal on September 24 took the price from $9.20 down to $8.89 on Binance within one hour. That 3.38% drop hit the UNI/USDT pair amid elevated trading volumes.

Total exchange reserves reached 113.9 million tokens at the same time. Binance alone held 71.58 million.

A separate burn of 184,000 UNI on September 4 removed some supply. A large portion traced to the Robinhood Chain. This volume stays small relative to the record reserves.

These numbers come from on-chain tracking reported by CryptoQuant and TradingView summaries published in late September.

Traders need to watch UNI exchange reserves for signs of sell pressure.