Crypto
Uniswap Price Skyrockets on Whale Accumulation and Institutional Interest
Uniswap (UNI) has seen a significant price surge of 12.1% following substantial whale accumulation and institutional interest driving up demand for the token.
The increase is supported by UNI trading above its 20-, 50-, and 200-day moving averages, highlighting broad bullish momentum in the market.
On-chain analytics show that three newly created wallets acquired approximately $6.97 million in UNI, contributing to notable whale activity.
Additionally, Uniswap has experienced strong growth with protocol fees at record levels and active user numbers rising due to its integration with the Robinhood Chain.