Uniswap (UNI) Short-Term Accumulation and Rising Metcalfe Ratio May Precede Momentum as Price Consolidates Near $9.9

• Short-term holders are accumulating UNI while top addresses lose share, increasing decentralization.

• Uniswap’s Metcalfe Ratio is rising, indicating valuation growth relative to active addresses.

• UNI trades near $9.77 with $192.5M 24h volume; reclaiming $11 is a key technical level for continuation.

Uniswap (UNI) consolidates near $9.77 as short-term holders accumulate and decentralization rises — monitor Metcalfe Ratio and $11 breakout for next move. Read more on COINOTAG.

Uniswap short-term holders accumulate UNI as top address share declines, while price consolidates at $9.77 and the Metcalfe Ratio rises.

• Short-term holders are steadily accumulating UNI, while the share of the top 100 addresses declines, gradually increasing decentralization across the network.
• Uniswap’s Metcalfe Ratio is rising, showing valuation growth relative to active addresses, signaling close monitoring between user adoption and market capitalization.
• UNI price is consolidating near $9.9 after a 97% rally, with traders watching for a reclaim above $11 to continue momentum.

Uniswap (UNI) is trading at $9.77 as of writing with a 24-hour volume of $192.5 million, showing a modest 0.62% price increase. The token remains stable as market participants assess both on-chain and technical conditions shaping the asset in 2025.

Are short-term holders accumulating UNI while top addresses decline?

Yes. Uniswap on-chain data shows short-term holders increasing balances even as the percentage held by the top 100 UNI addresses slips. This redistribution reduces concentration and nudges the protocol toward broader token ownership in 2025.

What on-chain evidence supports increased decentralization?

On-chain trackers report a falling share for the top 100 UNI addresses and steady inflows to wallets identified as short-term holders. Analysts including Joao Wedson note these shifts alongside a rising Metcalfe Ratio, which together suggest network usage and holder distribution are changing.

Wedson added that the Metcalfe Ratio for Uniswap is rising again. The metric compares market capitalization to the square of active addresses, based on Metcalfe’s Law. The ratio provides insights into whether network growth is aligned with current market valuation.

A lower Metcalfe Ratio can indicate undervaluation when active addresses grow faster than market cap. Conversely, a higher ratio suggests price may be outpacing adoption. The current uptick places UNI under closer valuation scrutiny.

Is UNI price consolidating near $9.9 after its rally?

UNI is consolidating around $9.9 after a near 97% rally earlier in the summer. Traders eye a reclaim above $11 as the level likely to trigger further upside toward $12+ if buyers regain momentum.

What technical setup are traders watching?

Market structure shows higher lows remain intact, per on-chain commentators and desk analysts. A narrow daily range with 0.62% movement suggests a testing phase before a directional breakout. Reclaiming $11 could validate continuation; failing to hold higher lows may mean extended range trading.

How do market dynamics shape network growth and valuation?

Shifts in holder composition and active-address growth jointly affect Uniswap’s valuation metrics. The rising Metcalfe Ratio signals that market capitalization is increasing relative to the square of active addresses, a key lens for comparing adoption to price.

Together, on-chain redistribution and technical consolidation indicate Uniswap is in a measured phase where network fundamentals and price action must align for a sustainable breakout.

Frequently Asked Questions

How can I tell if UNI decentralization is improving?

Look for declining share among top addresses and rising holdings among smaller or short-term wallets. On-chain trackers and distribution metrics provide direct evidence of reduced concentration.

What does a rising Metcalfe Ratio mean for UNI?

A rising Metcalfe Ratio means market capitalization is increasing relative to the square of active addresses, suggesting valuation may be outpacing or aligning with adoption depending on trend context.

Key Takeaways

• Holder shift: Short-term holders are accumulating UNI, reducing concentration among top addresses.
• Valuation signal: Metcalfe Ratio rise signals valuation is increasing relative to active addresses and warrants monitoring.
• Price action: UNI consolidates near $9.77; reclaiming $11 is a key technical trigger for additional upside.

Conclusion

Uniswap (UNI) sits in a consolidation phase where on-chain redistribution and a rising Metcalfe Ratio add context to recent price gains. Traders and analysts should watch holder distribution metrics and the $11 technical level as indicators for potential continuation. For ongoing coverage, follow COINOTAG updates and on-chain reports.