DeFi might be gearing up for a significant rally, fueled by recent whale activity withdrawing UNI and COMP tokens. Despite concerns over UNI's price due to SEC scrutiny, recent data indicates a resurgence in confidence. UNI's current price sits at $7.81, up 8.31% in the last week, signaling potential bullish momentum. This withdrawal suggests a long-term bullish sentiment towards these tokens. Additionally, DeFi's prominence may be on the rise again, as evidenced by increasing Total Value Locked (TVL) in Uniswap, up 138% in the last 30 days according to DeFiLlama. This renewed trust could propel UNI's price closer to its all-time high if TVL continues to rise.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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