According to blockchain trackers Lookonchain and Onchain Lens, large wallets accumulated substantial amounts of UNI, the governance token of Uniswap, over a short period. Lookonchain reported that two wallets bought a combined 656,000 UNI for $2.33 million within five hours, while Onchain Lens said a whale purchased 299,454 UNI for 1.03 million USDT, bringing that wallet’s total holdings to 763,061 UNI valued at about $2.7 million. The updates indicate notable on-chain accumulation, though the sources do not identify the entities behind the wallets or their motives.