Hey everyone,
Here's a big alert about $UNI ! Its price has surged by 20%!
Uniswap's price shot up by over 20% in just 24 hours, hitting $10.99, the highest since early April. There's optimism that more buying could push it towards $15.40, the peak in March.
UNI is Uniswap's own token for its decentralized exchange (DEX) platform, making it a key player in the Ethereum ecosystem.
Despite Ethereum's price hovering around $3,700, UNI stood out, rising by over 20% while other altcoins struggled.
Big investors are withdrawing UNI from exchanges, and a new token standard, ERC-7683, aims to make cross-chain trading smoother.
The price crossed $10 as Uniswap Labs expressed confidence in dealing with potential SEC legal action, defending against claims that UNI is a security.