UNI Price Surges 5%: Defying Token Unlock Sell-Off Fears
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Uniswap’s four-year UNI vesting schedule has ended.
The DEX vested 40% of the minted tokens for four years.
UNI surged nearly 5%, contrary to popular expectations.
The four-year vesting schedule for Uniswap’s UNI token has concluded, releasing all remaining tokens reserved since its 2020 launch. Crypto analysts are closely watching to see how this final unlock will affect the cryptocurrency’s price.
During its 2020 launch, Uniswap distributed 60% of the one billion minted tokens to community members. The remaining 40% was allocated to team members, investors, and advisors based on a four-year vesting plan.
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