Uniswap Whale Activity Surges Amid Standard Chartered's $100 Forecast

Uniswap's on-chain activity has surged to a four-month high in active addresses and a seven-month high in whale transactions, according to Santiment. This surge is largely attributed to Standard Chartered's prediction that UNI could reach $100 by the end of 2030.

The forecast, made by Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, expects Uniswap to benefit from the growth of tokenized real-world assets on blockchains. The bank estimates this value could grow 37-fold by 2030, reaching $2.7 trillion.

Kendrick points out that Uniswap's scale, liquidity, and brand recognition make it a prime candidate to capture a large share of this growth. However, the forecast relies heavily on tokenization becoming a massive trend, which is yet to be seen.

Despite the bullish predictions, UNI's price has stalled at its 100-day moving average near $3.30 and pulled back to around $3.13. The technical picture remains bearish, with UNI below its 50-day, 100-day, and 200-day moving averages.