Uniswap Surges 15% as Whales Flock and CME Plans Futures Launch

Uniswap's price has surged more than 15% above $10 after breaking out of its year-long price base. This breakout was fueled by whale accumulation and CME Group's planned regulated futures launch.

The tracked whale wallets bought nearly $4 million worth of UNI through on-chain transactions, indicating a strong interest in the asset from large investors. Meanwhile, CME Group confirmed plans to launch standard and Micro Uniswap futures on October 19.

According to technical analysis, UNI has cleared major technical levels within a rounding-bottom formation. The chart now places $12.0532 as the next key resistance area, while $9.2734 remains important support.