Uniswap Whales Spark 4-Year High as UNI Jumps 65% on 100M Token Burn Plan
Uniswap's 'UNIfication' governance proposal to burn 100 million UNI has reignited market interest, coinciding with 422 whale transfers over a two-hour span — the highest two-hour tally seen in four years. The token climbed about 65% over the past week as institutional and retail participants increased on-chain activity and exchange flows ahead of the vote, sending volatility and liquidity metrics notably higher.
Analysts say a successful burn would materially tighten circulating supply and could magnify price moves; some models point to upside targets near $72 if UNI convincingly clears the key $10 technical level. Traders and funds are watching governance timelines and execution risk closely, since delayed or failed action could trigger profit-taking. The episode highlights renewed confidence in Uniswap's roadmap but also underscores the potential for sharp swings while the market prices in supply changes.