Uniswap Price Surges 6% After Wintermute's $1M Move: What's Next for UNI?

The price of Uniswap (UNI) has surged nearly 6% after market maker Wintermute transferred over $1 million worth of UNI from its hot wallet to deposit addresses linked to Binance, Bybit, OKX, and Gate.

This move appears to be routine liquidity management by one of crypto's largest market makers, but it quickly caught traders' attention due to Wintermute's influence across digital asset markets.

The rally has pushed UNI back into a key resistance zone after months of range-bound trading, with traders now assessing whether the token has enough momentum to confirm a broader trend reversal.

As liquidity gradually returns to DeFi, Uniswap is once again emerging as one of the leading large-cap DeFi tokens attracting renewed market interest.

A decisive close above the $4.80 resistance could confirm a medium-term trend reversal and accelerate the rally toward $5 and potentially $5.50.