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Flash analysis of four altcoins: "Two bullish, two bearish"

2026-07-22 12:17:32
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Cryptocurrency analysis firm Sanitation conducted an analysis of exchange activity for four types of altcoins

Analysis showed that Uniswap (UNI) and Curve (CRV) recorded the highest exchange outflows since 2026 in the past 24 hours, while DeXe (DEXE) and Injective (INJ) recorded high exchange inflows.

According to Sanitation data, approximately 8.4 million UNI and 9.8 million CRV tokens were withdrawn from cryptocurrency exchanges in just 24 hours. The company said withdrawing tokens from exchanges could reduce the supply available for sale in the short term, easing selling pressure on prices.

Uniswap and Curve: Outflow-driven positive prospects

Developments in Uniswap are consistent with events such as expectations about protocol fees and token destruction mechanisms, the launch of Robinhood Chain, support for tokenized assets, and Spark's transfer of $150 million in liquidity to Uniswap v4. Sanitation believes that these developments have brought decentralized exchange infrastructure back to the forefront of the market.

Curve's exchange outflows are assessed as showing a more positive outlook due to the recovery of the agreement's core business. Sanitation highlighted key developments such as reduced crvUSD casting costs, rebuilding of PegKeeper reserves, increased veCRV allocations and the momentum of Llamalend V2.

The analyst firm pointed out that in the face of rising usage and fee income, the delisting of tokens from exchanges may indicate that investors are holding positions or accumulating rather than preparing to sell.

DeXe and Injective: Inflows trigger caution

In contrast, there are more cautious prospects for DEXE and INJ. About 261,000 DEXEs and 1.8 million INJs have recently flowed into the exchange, setting the highest exchange inflow of these two altcoins since 2026. Sanitation warned that these movements could increase the risk of short-term selling.

Injective has attracted attention for its inclusion in Binance.US spot trading and for its futures products regulated by the U.S. Commodity Futures Trading Commission, which supports institutional entry. On the other hand, DeXe is said to provide a powerful use case as a governance token. However, Sanitation believes that the price outlook for the two altcoins may remain fragile until the large supply that has been diverted to exchanges is digested.

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