UNI, the token of the Uniswap platform, is among those altcoins that have failed to set a new high during this cycle.

The token is currently trading more than 90% below its ATH of around $45, set in 2021.

Amid this sharp correction, some investors see an accumulation opportunity, visible through UNI outflows from Binance. The chart below tracks the evolution of the 10 largest UNI withdrawal transactions from the Binance platform, highlighting this intensifying accumulation.

Recently, the monthly average of outflows from this top 10 reached a historic level, not seen since 2021, marking a 5-year high. As UNI dropped below $2.5 for the first time in 5 years, the average outflow surged to over 7 200 UNI leaving Binance and is rising again today.

Some days alone saw outflows exceed 10 000 UNI, coming solely from the 10 largest daily transactions.

Dip buyers on UNI appear particularly active, with outflows from this top 10 rising sharply on every dip in the token.

These outflows therefore suggest that UNI accumulation is continuing, particularly among the largest players on Binance.

Despite a sharp correction, some investors thus still seem to believe in Uniswap's expansion, and by extension in the platform token's performance.

Written by Darkfost