Uniswap Soars 6% on Wintermute's $1M Token Move

Uniswap's price has surged nearly 6% after Wintermute transferred more than $1 million worth of UNI tokens from its hot wallet to deposit addresses linked to Binance, Bybit, OKX, and Gate. This move has renewed market attention and coincided with improving sector sentiment and increased on-chain activity.

The latest development comes as capital begins rotating back into the DeFi ecosystem, with Uniswap emerging as one of the primary beneficiaries due to its status as the largest decentralized exchange by trading volume.

However, despite this momentum, UNI faces a significant technical challenge in breaking through the $4.40-$4.80 resistance zone, which has repeatedly capped every recovery attempt since February.