Uniswap’s dormant wallet activity hits an all-time high, driving a 75% volume spike. Analysts expect a potential breakout to $10 if momentum continues.
By Parth Dubey
Editor Hamza Tariq
Updated
3 mins read
Uniswap’s UNI $7.42 24h volatility: 0.6% Market cap: $4.46 B Vol. 24h: $277.39 M market capitalization has jumped 21% from its June 22 monthly low amid renewed activity in dormant wallets. At the time of writing, UNI is trading around $7.77, gaining 5% in the past day and over 23% this month.
CoinMarketCap data shows a 75% spike in trading volume in the past day, reaching $439 million. This surge comes as the network witnessed a record 72.95 billion in “age consumed,” a metric combining the number of tokens moved with their holding period.
This spike marked the largest dormant token activity in UNI’s history, dropping the average age of “hodling” wallets by 7.2% as stagnant tokens re-entered circulation. As these older tokens move back into the market, it often signals upcoming shifts in market momentum.
According to Santiment, such a rise in dormant wallet activity can potentially support price increases, even if not guaranteed.
🔁 Uniswap's marketcap has climbed +21% since June 22nd. And its network has just seen a historic spike in dormant activity. 72.95B in age consumed (amount of tokens moved multiplied by how old those tokens are) is the highest $UNI dormant spike of all-time.
👨👦 This age consumed… pic.twitter.com/cTTuX2u0Kg
— Santiment (@santimentfeed) July 9, 2025
Notably, in May, Uniswap became the first decentralized exchange to hit $3.3 billion in trading volume.
On the daily price chart, UNI is testing the upper Bollinger Band near $7.78, with bands widening. Failure to hold above this level may result in a pullback toward the mid band (20-day SMA) near $7.09. UNI has a key support around $6.60, where buyers may step in.
UNI daily chart with RSI and Bollinger Bands | Source: Trading View
The upward gradient in the RSI is currently suggesting a bullish momentum without being overbought. A clean break above $7.78 could lead the cryptocurrency to $8.50 and then $10.
Meanwhile, on the 4-hour chart, UNI is testing the resistance line of an ascending triangle formed since late-June.
UNI 4-hour chart with ascending triangle | Source: Trading View
A decisive candle close above $7.78 would validate a bullish breakout with analysts expecting a potential move toward the highly anticipated $10 target in the near term.
As Uniswap gears up for a potential breakout, Best Wallet ($BEST) is aiming to become a leader in crypto wallet platforms. The project has attracted an impressive investor interest, already securing $13.76 million in its current presale phase.
Best Wallet offers a secure, non-custodial, multi-chain wallet designed to cater to both beginners and advanced traders, delivering enterprise-level security while ensuring a straightforward user experience.
The wallet enables users to purchase, store, swap, and trade thousands of cryptocurrencies across more than 50 major networks, including Bitcoin BTC $108 323 24h volatility: 0.4% Market cap: $2.15 T Vol. 24h: $26.26 B , Ethereum ETH $2 559 24h volatility: 0.3% Market cap: $308.90 B Vol. 24h: $16.38 B , and USDT. It is a fully non-custodial platform requiring no KYC, granting users complete ownership of their assets.
The platform operates using its native $BEST token. The $BEST token underpins the entire ecosystem and is available for purchase directly on the Best Wallet website, with staking options offering potential yields of 100% annually.
Investors seeking a top Web3-powered crypto wallet should check out the Best Wallet. It is currently one of the best crypto presales, with the price set to increase in less than two days.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
