Whale Crypto Buys UNI, AUCTION, and MKR: Will DeFi Tokens Explode?

Jakarta, Pintu News – The cryptocurrency market is still in a stagnant state, with Bitcoin (BTC) failing to break the $83,000 (IDR 1.36 billion) level.

However, amidst the sluggish market, some DeFi tokens such as Uniswap (UNI), Bounce (AUCTION), and Maker (MKR) have actually experienced increased activity, especially from large investors or whales.

Is this a sign of a big boom for DeFi tokens in the near future?

Whale Buys UNI, AUCTION, and MKR in Large Quantities

Read also: Crypto Whale Buys ETH: Here’s Ali Martinez’s Price Analysis of Ethereum, Bitcoin, and Cardano!

A recent report from Spot On Chain revealed that a number of whales have accumulated large amounts of DeFi tokens. One whale with the address “0xace” bought 374,333 UNI worth $2.3 million and 1,735 MKR worth $2.06 million.

Meanwhile, another whale with the address “0xEc1” made a massive withdrawal of 500,000 AUCTION tokens in the last three days, with a total value of approximately $13.9 million (IDR 227.61 billion). Interestingly, this whale is allegedly linked to a network of four other whales that control 26.2% of the total AUCTION supply.

Overall, they now hold an unrealized gain of $32.9 million (IDR538.74 billion).

AUCTION Token Surges 25%, While UNI and MKR Remain Stable

While the majority of the crypto market is still sluggish, the AUCTION token has experienced a 25% price spike in the last 24 hours (3/17/25). Meanwhile, UNI and MKR showed a slight increase, although not as big as AUCTION.

On the other hand, the overall market capitalization of DeFi tokens decreased by 1.05%, but the trading volume increased by 35%, indicating increased interest from investors.

The Crypto Fear and Greed Index shows 22, which means the market is still in the “Extreme Fear” phase.

Is the DeFi Token Explosion Imminent?

Currently, the cryptocurrency market is still in a negative trend, especially after the brief bull run in late 2024. In addition, the long-awaited AltSeason phenomenon has yet to occur, given that there has been no significant spike in altcoin prices in general.

Read also: Dogecoin Price Drops 2% Today (3/18/25): DOGE Shows Doji Candle Pattern, Ready to Rally to $1?

However, massive whale investments in DeFi tokens have led to speculation that the sector could experience a price boom in the next few weeks.

If crypto market conditions improve and sentiment becomes more positive, it is possible that DeFi tokens such as UNI, AUCTION, and MKR could experience more significant price increases.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TheNewsCrypto. Whales Accumulate UNI, AUCTION, MKR: Is DeFi Tokens Boom Ahead? Accessed March 18, 2025.