Based on CoinEdition, Uniswap (UNI) has risen over 70% in the past week following a governance proposal to burn 100 million tokens. Daily whale transactions have hit a four-year high, and the price has broken out of a long-term descending channel. Santiment reported a surge in new UNI wallets and whale activity levels similar to February 2021, a previous bull market peak.
Uniswap Surges 70% as 100M Token Burn Proposal Sparks Whale Activity
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