2026 Record for DeFi Giants: Sell Pressure Eases for 2 Altcoins While Supply Accumulates for 2 Others
According to Santiment data, Uniswap (UNI) and Curve (CRV) are seeing record-level exchange withdrawals, reducing sell pressure, while increasing exchange inflows for Injective (INJ) and DEXE point to short-term sell risk.
In the cryptocurrency market, moving assets from centralized exchanges to personal wallets typically indicates that investors intend to hold their assets and expect an upward trend. According to current data shared by Santiment Intelligence, Uniswap (UNI) and Curve (CRV) experienced the highest exchange outflows of 2026, while the exact opposite scenario emerged for Injective (INJ) and DEXE.
In the last 24 hours, approximately 8.4 million UNI and 9.8 million CRV have left exchanges. This situation, clearly visible in Santiment‘s Live Chart data, proves that investors are taking long-term positions instead of selling their assets. Concrete developments such as the fee/burn mechanism narrative on the Uniswap side, the Robinhood Chain launch, and the Spark protocol’s $150 million liquidity migration are the primary motivations behind these outflows.
Strong Outlook and Exchange Outflows for DeFi Protocols
In the Curve ecosystem, factors such as lower crvUSD minting costs, the restructuring of PegKeeper reserves, and activity on the Llamalend V2 side stand out as other elements supporting exchange outflows. Withdrawing assets from exchanges reduces the liquid supply in the market, laying the groundwork for a potential rally. As usage rates and fee revenues increase, tokens leaving exchanges generally indicate that holders trust the ecosystem rather than intending to sell.
On the other hand, there is a scenario regarding Injective (INJ) and DEXE where investors should remain cautious. The 1.8 million INJ and 261,000 DEXE entering exchanges reached the highest inflow levels of 2026, creating a risk of short-term sell pressure. Despite positive news flow such as Binance.US spot trading and CFTC regulation, this supply accumulation on exchanges causes the price structure to become fragile. Investors need to be prepared for a possible correction move during the period until this supply is absorbed by the market.