Can Uniswap’s retail traders rescue UNI’s price from falling again?

Uniswap (UNI) has scaled by 1195% in exchange netflows, indicating increasing activity on the platform. This has triggered debates as...

has scaled by 1195% in exchange netflows, indicating increasing activity on the platform. This has triggered debates as to whether this could point to a price bounce in the wake of active addresses recording a hike of 11.9% too.What does exchange netflow surge mean for Uniswap?

The recent spike in Uniswap’s netflow implies more money flows into the market, possibly a rush to capitalize on highly volatile price movements.A heavy upsurge of activities often leads to short-term volatility in an asset’s price. In the case of Uniswap, it could mean greater buying and selling pressure, setting the stage for a possible rebound in UNI’s price in the short run.An 11.9% incline in active addresses means that retail traders are coming on board.

Here, it is worth noting that retail traders are often crucial for sustaining momentum when institutional interest is especially soft.On the contrary, the 63% drop in large transactions did point to a significant drop in whale activity. This trend suggests that major investors have been on the sidelines, watching the market dynamics.Source: IntoTheBlockThe answer probably lies in how long retail traders can keep this activity going and push the price upwards.

However, without large transaction volumes returning, the price of UNI might not be able to sustain such rallies.

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