Key Developments Driving UNI Price Surge
The Ethereum ecosystem is experiencing significant excitement due to recent developments in its leading decentralized exchange. Data indicates that the UNI price has seen a remarkable surge, climbing approximately 70% in just seven days.
This bullish momentum is a direct response to the new "UNIfication" team proposal. This proposal suggests burning 100 million UNI tokens as part of a strategic initiative to redirect protocol revenues.
Market Reaction and Whale Activity
The market has reacted immediately and forcefully to this proposal. According to information revealed by the firm Santiment, Uniswap has recorded a four-year high in daily whale transactions. Institutional activity is heating up, with 422 high-volume transactions occurring in a span of just two hours.
In parallel, retail interest is accompanying this UNI price surge. The network has seen the creation of 1,598 new wallets, marking its fastest growth since November 2022.
Parabolic Projections and Expert Opinions
Founder Hayden Adams explained that the proposal aims not only to improve rewards for liquidity providers but also to align incentives across the entire ecosystem. This vision has captured the attention of industry heavyweights.
Ki Young Ju, CEO of CryptoQuant, noted that the UNI price surge could potentially become "parabolic" if the fee switch is activated. Ju estimates that with a cumulative annual volume of $1 trillion, approximately $500 million could be burned annually.
Given that exchanges hold around $830 million in UNI, Ju suggests that a supply shock is almost inevitable, even when considering future token unlocks. Adding to this bullish sentiment, data from Lookonchain revealed that Arthur Hayes, co-founder of BitMEX, has returned to the ecosystem after a three-year absence. He has acquired 28,670 UNI tokens, valued at $244,000, indicating a clear bet on the continuation of the UNI price surge.
Technical Analysis and Future Outlook
From a technical perspective, analyst Crypto Patel highlights that the token has been consolidating within a long-term descending triangle. With solid buying support observed between $6 and $7, a breakout above the $9–$10 range could signify the commencement of a macro trend reversal.
Upside targets have been set at $16.5, $40, and even $72. These projections confirm that Uniswap has evolved beyond being an experiment, consolidating its position as a decentralized finance giant with a promising future.
The information presented in this article is for informational purposes only and should not be interpreted as investment advice. The cryptocurrency market is highly volatile and may involve significant risks. We recommend conducting your own analysis.