Uniswap DAO is voting to reclaim 12.5 million UNI tokens worth about $42 million that were loaned to delegates and the Uniswap Foundation between 2022 and 2023 to boost governance participation. With governance activity now robust and passed proposals averaging 75 million votes, the original loans are deemed unnecessary. The recall aims to address concerns about voting power misalignment, where delegates hold more voting power than their economic stake, and to reduce dominance by large holders and venture firms like a16z. The vote reflects Uniswap's evolving governance maturity and efforts to enhance decentralization and alignment among stakeholders.
Uniswap's token UNI fell sharply by 3.07% within one hour to $8.85 on September 28, extending its 24-hour decline to nearly 11%. The drop was driven by $400,000 in long position liquidations on major exchanges like Binance, Bybit, and OKX, with no sh...
A large wallet transferred 1.37 million Uniswap (UNI) tokens valued at about $12.83 million to Wintermute’s hot wallet on September 28. The tokens were initially withdrawn from Coinbase Prime and then consolidated into Wintermute’s wallet within five...
Uniswap (UNI) saw its price rise by 3.28% within one hour, reaching $10.16 as of early Sept. 27, extending its 24-hour gain to 4.26%. This price increase occurred on Binance’s spot UNI/USDT market, moving from $9.84 to $10.16. During this hour, short...
Uniswap (UNI) saw a sharp price increase of 3.47% within an hour, reaching $9.78 on September 26. This rise extended its 24-hour gain to 3.36%, with the token trading at $9.45 an hour earlier on Binance. UNI holds the 23rd spot by market capitalizati...
UNI token price traded near $9.61 following a strong third-quarter breakout that pushed it from $2.35 to $10.85, breaking a long-term descending triangle pattern. Immediate support is at $9.33, with resistance at $9.93 and a major hurdle at $12.30. M...
