Hayes Scoops Up $1.73M in Uniswap's UNI Tokens Amid Growing Conviction

Arthur Hayes, co-founder of BitMEX, has made a significant investment in Uniswap's governance token UNI. He purchased 244,406 UNI tokens worth $1.73 million through an over-the-counter (OTC) deal with Flowdesk.

This purchase is notable as there is no current governance proposal or upgrade driving the buy, indicating Hayes sees value in UNI at around $7 per token.

This follows a smaller November 2025 purchase, suggesting a growing conviction in Uniswap's governance token despite no immediate economic incentives. Investors should watch if Hayes continues accumulating, which could signal a longer-term bullish stance on UNI.