UNI Token Surge: 70% Weekly Jump After Burn Proposal
UNI jumps 70% in a week after a 100M token burn proposal, with whale activity hitting 4-year highs.
- UNI price spikes 70% after token burn proposal
- Whale activity at its highest in four years
- 1,598 new wallets created amid rising interest
Uniswap’s governance token, UNI, has witnessed a dramatic 70% price surge over the past week, following a bold proposal to burn 100 million UNI tokens. The community-driven proposal, aimed at boosting the token’s scarcity and long-term value, appears to have ignited renewed investor confidence.
The token burn would effectively reduce UNI’s circulating supply, a deflationary tactic often used to drive price appreciation. While the burn hasn’t been executed yet, the anticipation alone has triggered a major price movement, pushing UNI into the spotlight of the crypto market.
Whale Activity at a 4-Year High
According to blockchain analytics firm Santiment, the surge in price is also accompanied by a massive spike in whale activity, reaching a four-year high. In the last week alone, 1,598 new UNI wallets have been created, indicating growing interest from both institutional players and retail investors.
The uptick in large wallet transactions suggests that whales—investors holding significant amounts of UNI—are positioning themselves for future gains. This trend aligns with past instances where increased whale accumulation often precedes further bullish momentum.
Market Outlook and Community Sentiment
With this surge, UNI has re-entered the conversation as one of the top-performing DeFi tokens. The community sentiment on social platforms remains optimistic, particularly around Uniswap’s long-term utility and governance model.
As the proposal moves toward a community vote, investors are closely watching whether the token burn will go through. If approved, this could potentially set a new precedent for DeFi governance tokens and impact UNI’s price trajectory even further.
