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Uniswap surges 10% on strong whale buying, institutional moves, and rising token burn rate.

Protocol Fundamentals
24 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Uniswap's price jumped over 10%, driven by institutional and whale buying, including a major wallet accumulating 4.8 million UNI tokens. The token's burn rate hit record highs, reducing circulating supply and supporting price gains. Despite breaking above the $4-$4.60 resistance zone, Uniswap faces selling pressure there, risking a potential pullback unless it holds above $3.22. Increased network activity and token transfers signal strong interest, but short-term bearish volume may cause a correction.

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