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Binance UNI reserve reaches 71,584,353 as price hits six-month high
Uniswap's governance token surges 108% as massive inflows stack up on the world's largest exchange, raising questions about what comes next
Binance is sitting on more than 71.5 million UNI tokens, the most it has held in half a year. The Uniswap governance token’s price closed at $10.209 on September 22, also a six-month high, marking a 108% climb from its quarterly baseline.
The numbers behind the accumulation
During the week ending September 22, daily net inflows to Binance averaged +951,249 UNI. Two days stood out in particular: September 18, when a net +2.60 million UNI landed on the exchange, and September 22 itself, which saw another +1.89 million UNI deposited.
To put that in perspective, earlier Proof of Reserves snapshots from Binance in 2026 showed UNI holdings hovering around the 60 million mark. The jump to 71.58 million represents roughly an 18-19% increase in the exchange’s custody of the token over a relatively short period.
Trading activity has followed suit. Average daily volume for UNI during that same week hit $18.8 million, a 162% increase over the quarterly mean.
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On-chain activity tells a parallel story
Active addresses climbed to 4,217, and network transactions surged 95% quarter-over-quarter.
The sell-side liquidity question
Analysts watching this pattern have noted that the unusual accumulation at Binance could indicate a buildup of sell-side liquidity rather than token scarcity.
One of those factors showed up on September 16, when the Federal Reserve cut rates by 50 basis points. The timing is hard to ignore. The Fed’s decision preceded the biggest inflow days by less than a week.