An institutional wallet withdrew over 222K $UNI worth $960K after eight months of inactivity, raising its holdings to 4.837M UNI valued at $22M.

Three whale wallets also moved 146K UNI ($647K) from Upbit to cold storage, while 47.5K UNI ($209K) moved from Binance to Wintermute.

Meanwhile, Uniswap recorded its largest daily burn in USD terms at around $590K on August 21.

A break above the $4.60 resistance could support further upside.