Uniswap (UNI) Jumps on BlackRock News, Whales Quickly Erase Gains

Uniswap’s token spiked nearly 42% on February 11 to a high near $4.57 after news linked Uniswap to BlackRock’s tokenized fund expansion, then gave back about 26% of that rally within hours. Today UNI trades near $3.40, up around 3% over the past 24 hours, but the sharp reversal has raised questions about whether the move was a genuine trend shift or a trap for late retail buyers.

Technical signals showed retail momentum drove the breakout. From mid-January to February 11, price made lower lows while the RSI made higher lows, creating a bullish divergence that set the stage for a rebound. On-balance volume (OBV) broke above a long-term descending trendline on February 11, signaling heavy retail participation, yet the breakout candle featured a long upper wick and small body, indicating sellers absorbed most of the intraday gains.

Large holders supplied that selling pressure.

uniswap, uni, blackrock, tokenized fund, whales, rally, reversal, bullish divergence, rsi, obv