Uniswap has been making headlines this week. The decentralized exchange (DEX) built on Ethereum is causing a stir with its new developments, strong price action, and renewed investor excitement. Whale activity is heating up, traders are watching closely, and big names in the industry are taking notice. Data from Santiment highlights just how strong Uniswap’s recent momentum has been.
### UNIfication Proposal Sparks 70% Rally
Santiment notes that Uniswap’s price has climbed about 70% in just one week. This significant move followed the team’s proposal to burn 100 million UNI tokens as part of an initiative to use a portion of the project’s revenue to permanently reduce the circulating supply. Additionally, Uniswap announced new features aimed at rewarding liquidity providers on the platform.
Founder Hayden Adams explained that the goal is to better align incentives across the ecosystem and strengthen Uniswap’s position as the leading decentralized exchange for tokenized value.
### UNI Price Soars as Whales and Retail Traders Pile In
UNI’s price surged over 40% within hours of the announcement, reaching its highest level in two months. Simultaneously, Uniswap experienced a four-year high in daily whale transactions, while the creation of new UNI wallets hit a three-year peak.
Data shows there were 422 large UNI transactions within just a two-hour window, alongside approximately 1,598 new UNI wallets created. This surge puts the network on pace for its strongest growth since November 2022, signaling a powerful wave of new interest from retail traders.
Though the initial hype may cool off temporarily, Santiment suggests that further rallies are possible, supported by strong fundamentals and recent governance improvements.
### Crypto Experts React
The proposal has also drawn attention from major crypto voices. Ki Young Ju, CEO of CryptoQuant, noted that Uniswap could see a “parabolic” price move if the fee switch is activated. He stated, “Even just counting v2 and v3, with $1 trillion in year-to-date volume, that’s about $500 million in annual burns if volume holds.”
With exchanges currently holding around $830 million in UNI, Ki Young Ju suggested that a supply shock could be inevitable, even after factoring in future token unlocks.
Adding to the momentum, data from Lookonchain revealed that BitMEX co-founder Arthur Hayes has returned to Uniswap after three years, purchasing 28,670 UNI tokens worth roughly $244,000.
### Analysts See Massive Potential
Crypto analyst Crypto Patel shared a bullish outlook on Uniswap. He noted that UNI has been consolidating within a long-term descending triangle pattern, showing strong buying support between $6 and $7.
According to Patel, a breakout above the $9-$10 range could mark the start of a macro trend reversal, with potential upside targets at $16.50, $40, and even $72 or higher.
### Looking Ahead: Uniswap’s Bright Future
Uniswap has come a long way—from a small experiment to one of the biggest names in decentralized finance. With the new UNI burning proposal and renewed interest from major investors, the project is entering an exciting new phase.
Uniswap’s strong fundamentals and growing community support suggest that its long-term outlook remains bright. Traders and investors alike will be watching closely as developments continue to unfold.
https://coinpedia.org/news/uniswap-whale-activity-hits-4-year-high-as-retail-fomo-builds-uni-price-jumps-70/
