Cryptocurrency Uniswap (UNI) traded around $7.50 at the beginning of the month, according to CryptoPotato, but mid-October saw a sharp drop below $6.50. Since then, the token has mostly been trading between $6 and $6.80, without significant recovery. However, this may change soon.

Uniswap and the return of major investors

This development occurs during a period of lower activity across the entire DeFi sector. Yet an interesting signal is emerging. Large investors on Binance are starting to buy again. Data from CryptoQuant revealed a rise in UNI outflows from Binance, especially within the ten largest transactions.

The daily peak of these outflows reached 17,400 UNI, while the monthly maximum was 5,250 UNI. This is the highest level in the past three months. This trend suggests that major players are likely accumulating tokens off exchanges, which is traditionally seen as a positive signal for future price development.

Large investors are known to enter positions with a long-term vision, considering both fundamental and technical factors. Increased activity around UNI may therefore be a precursor to renewed confidence and the resumption of the growth trend after the correction that started back in July.

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UNI faces centralization concerns

Despite the signs of recovery, there are doubts about the project’s decentralization. Bitwise CIO Matt Hougan stated, while market capitalization was around $6 billion, that Uniswap is undervalued and compared its value to the 400th largest financial company in the world. Currently, the capitalization has fallen to approximately $4.13 billion.

Additionally, research published on arXiv highlighted that a large portion of total locked value (TVL) is concentrated in a few key pools. This indicates centralization within the network. According to data from Token Terminal, Uniswap has created around 340 millionaires through its UNI token, although this group represents only a small fraction of roughly 381,600 holders.

ICYMI: @Uniswap has created ~340 millionaires w/ its $UNI governance token.

For perspective, there are ~381.6k UNI holders in total.

Unique addresses w/ a UNI balance > $1M 👇 pic.twitter.com/YlMYPgKZEO

— Token Terminal 📊 (@tokenterminal) October 24, 2025

While smaller investors remain cautious, investor activity suggests that confidence in Uniswap cryptocurrency may gradually return. If this trend continues, UNI could become one of the main DeFi tokens driving a new wave of growth in the market.