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Two Wallets Buy 656,000 Uniswap UNI Tokens for $2.33 Million, Lookonchain Says

Two Wallets Buy 656,000 Uniswap UNI Tokens for $2.33 Million, Lookonchain Says

According to Lookonchain and Onchain Lens, large wallets accumulated UNI in recent hours, including a 299,454-UNI purchase for 1.03 million USDT, highlighting concentrated buying in Uniswap’s governance token.

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Fact Check
The core claim is strongly supported by primary on-chain monitoring sources. The Lookonchain X post (status/2056021075948146816) directly confirms 2 wallets spent $2.33M for 656,338 UNI on May 17, 2026, with specific wallet addresses on Arkham. The Onchain Lens X post (status/2056569200668545107) directly confirms the 299,454 UNI purchase for $1.03M USDT, with a specific wallet address. Both figures are independently corroborated by Odaily, ChainCatcher, PANews, and Bitget News. The only minor nuance is that the 299,454-UNI/1.03M USDT transaction appears to be a later, separate event (May 19) by a single whale — not one of the two wallets in the original 656,000 UNI story — but the claim's summary accurately attributes it to Onchain Lens as a distinct data point. All key numbers (656,000 UNI, $2.33M, 299,454 UNI, 1.03M USDT) are verified.
Summary

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.

Terms & Concepts
  • Uniswap: A decentralized exchange that lets users trade crypto through smart contracts rather than a centralized intermediary.
  • UNI: The governance token of Uniswap, used to participate in protocol-related voting and community decision-making.
  • Whale: A wallet or investor holding a large amount of a cryptocurrency, often large enough to attract market attention.