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UNI Token Price Surges 12% Amid Token Burns and Robinhood Trading Volumes

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Uniswap's token price surged 11.92% to $5.74 today, with substantial upward momentum across both short- and longer-term timeframes.

The recent series of token burns reduced the liquid supply of UNI, while trading volumes on Robinhood saw a significant surge in buying interest.

A short liquidation squeeze at the $5 level triggered forced buy orders, adding to upward price pressure and elevating volatility.

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