Uniswap Soars 70% on Whale Activity, Token Burn Proposal Drives Rally

Uniswap experienced a remarkable price surge of 70%, reaching new heights as whale transactions and the token burn proposal fueled market excitement. This rally came amidst record on-chain activity, including over 1,500 new UNI wallets created in a single day, indicating strong retail participation. The proposed 100 million UNI token burn plan aims to boost scarcity and strengthen long-term DeFi fundamentals, attracting increased confidence from both large investors and individual traders.