Uniswap's token price surged over 10% driven by institutional and whale buying activity, including a major wallet accumulating 4.8 million UNI tokens.
The token's burn rate hit record highs, reducing circulating supply and supporting price gains.
Despite breaking above the $4-$4.60 resistance zone, Uniswap faces selling pressure there, risking a potential pullback unless it holds above $3.22.
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