UNI experiences a roughly 23% surge after a mysterious social media post
In anticipation of a possible bullish statement from its anonymous social media post, UNI registered a 23% rise.
Following the delay of its fee mechanism vote, UNI had previously seen a drop.
Following the price increase, UNI may experience a correction as a result of higher exchange net inflows.
On Tuesday, investors became more bullish on Uniswap (UNI) after the company's mysterious social media message. This increase follows a previous decrease caused by the delay of UNI's fee mechanism vote.
The UNI price surged by roughly 23% following a mysterious message on X that encouraged community members to "get ready for something super" and hinted to a major announcement.
Previous to the May 31st postponement of its fee mechanism vote, UNI's stock had fallen more than 9%. Many people in the neighborhood were let down when the event was postponed; they had saved up UNI for it.
Uniswap price may offer a chance to buy the drop before a 45 percent rally, according to reading more about it.
This could have caused some selling pressure, particularly among short-term holders hoping to profit from UNI's possible surge following the vote.
Holders of UNI tokens who have staked and delegated them for governance purposes will receive a portion of Uniswap's earnings, according to the proposed fee scheme. With this suggestion, Uniswap aimed to encourage more people to get involved in governance and important protocol choices.
The announcement is widely anticipated by users as either a new date for the fee mechanism vote or the possible introduction of Uniswap v4.
Additionally, while on-chain data indicates an impending price surge, Uniswap creator is hoping the SEC will not pursue prosecution.
X user, nevertheless, conjectured that the statement would herald the debut of Uniswap's NFT mystery box partnership with fashion NFT figure KidSuper.
In the previous 24 hours, markets have seen a net inflow of more than 430.9K UNI
#Uniswap #UNI #altcoins $UNI
