Uniswap

Uniswap Finance

<p><em><strong>In just 24 hours, UNI saw an incredible price jump, soaring by 55% from $7.15 to a peak of $12.77, marking a 79% increase.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>Many are wondering: What caused such a massive surge in UNI’s value?</p><h3 id="uni-s-price-surge-tied-to-uniswap-governance-proposal">UNI’s Price Surge Tied to Uniswap Governance Proposal</h3><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines009-2.webp?resize&#61;640%2C297&amp;ssl&#61;1" /></p><p>UNI/USDT Chart by TradingView</p><blockquote>The remarkable rise in <a href="https://cryptosheadlines.com/uniswap-sees-surge-in-whale-and-institutional-interest-is-a-uni-price-breakout-imminent/" rel="noopener noreferrer nofollow">UNI’s price can be directly linked to Uniswap’s</a> latest governance proposal. Notably, venture capital firm a16z holds 64 million <a href="https://cryptosheadlines.com/defi-tokens-uni-aave-mkr-gain-amid-shifting-trends/" rel="noopener noreferrer nofollow">UNI tokens</a>, valued at approximately $720 million, which accounts for 6.4% of UNI’s total supply.</blockquote><p>a16z’s substantial UNI holdings give them a potentially decisive influence over the vote. With a quorum threshold of only 4% of the UNI supply needed for a “yes” vote, a16z’s voting power is significant.</p><p>Further investigation reveals that a16z received this substantial allocation of UNI from <a href="https://cryptosheadlines.com/mocaverse-nft-kucoin-and-halo-wallet-team-up-for-web3-evolution/" rel="noopener noreferrer nofollow">wallets designated for the Uniswap team</a>, investors, and advisors. This strategic distribution across 31 distinct wallets could greatly impact the outcome of governance votes, providing significant sway over decisions.</p><h3 id="insider-trading-suspicions-surround-uni-s-price-surge">Insider Trading Suspicions Surround UNI’s Price Surge</h3><p><a href="https://cryptosheadlines.com/binance-boosts-support-for-pepe-and-floki-potential-price-rally-ahead/" rel="noopener noreferrer nofollow">Ahead of UNI’s significant price</a> increase, a surge in buying power was observed, hinting at the possible involvement of insider knowledge. It’s plausible that certain individuals or entities acted on non-public information regarding the proposal’s anticipated impact on UNI’s value.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>Uniswap’s token is exhibiting characteristics consistent with a common pump scheme, where the asset’s price surges unnaturally amidst high volatility. However, a mild correction has already occurred. Additionally, there’s anticipation of further price action escalation due to active profit-taking among mid- and long-term investors.</p><p><a href="https://cryptosheadlines.com/breaking-news-judge-greenlights-binances-4-3-billion-penalty-payment/" rel="noopener noreferrer nofollow">Also Read:   Breaking News: Judge Greenlights Binance&#39;s $4.3 Billion Penalty Payment</a></p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Why Uniswap (UNI) Jumped 55% in Just 24 Hours

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