BitMEX Co-Founder Arthur Hayes Buys $1.73 Million Uniswap Governance Token
Arthur Hayes, co-founder of BitMEX, made a significant investment in Uniswap's governance token UNI. He bought $1.73 million worth of UNI tokens on September 6 through Flowdesk OTC, paying around $7.06 each.
This is not the first time Hayes has invested in UNI, as he purchased 28,670 UNI tokens worth about $244,000 in November 2025 and later sold them as part of a wider sale.
The new purchase comes after Uniswap's governance proposal, called UNIfication, was implemented. This change allows UNI to have a mechanism that can shrink supply when protocol activity produces fees.
Some analysts, such as CryptoQuant CEO Ki Young Ju, believe that this could lead to a significant increase in the price of UNI, with estimates suggesting that fees could reach around $500 million annually.