Uniswap’s UNI Token Could Rocket Past $6.00 as Bulls Defend Crucial Support

UNI – the governance token of the Uniswap platform – has been seeing some immense turbulence in the time since its launch. The hype surrounding the token – which was airdropped to all of Uniswap’s users – sent the price of the cryptocurrency rallying up to highs of $8.50. The token lost its momentum once it reached these highs and dipped down towards lows of $3.75. In the time since this rejection and selloff, bulls have stabilized its price around $5.00, with buyers not gaining further control over its near-term…

Uniswap team may have misled community over team token vesting

A recent post from Glassnode has called Uniswap’s decentralization into question, while insinuating that the platform’s developers might have intentionally misled the community about how the team’s allocation of UNI tokens will vest over time. Uniswap’s team, investors, and advisors have been allocated 40% of all UNI tokens, with 21.51% of that figure going to the latter two. It seems that the distribution of these tokens, which was meant to take place over four years, currently lacks a public schedule however. It also appears that the team and investor tokens are not…

Few DeFi influencers understood what a bad idea $FEW meme token was

Notable figures in the decentralized finance (DeFi) community found themselves in hot water after joining a group to cook up a MEME-inspired token with the apparent intention of dumping on unsuspecting investors. Group members claim the whole thing was just a joke that’s been taken the wrong way.  Leaked chat logs indicate that the FEW token ‘experiment’ was conceived by Idea Markets’ co-founder Sam Ratnaker, who started the Telegram group for the project on September 22. EthHub’s Anthony Sassano, Rocket NFT’s Alex Masmej, and Twitter user ‘DeFi Dude’ were amon…

Uniswap’s UNI Token Reclaims Crucial Support as Analysts Eye a Macro Bottom

Uniswap’s token (UNI) has been bearing witness to immense volatility throughout the past few days, with its post-launch price action being surprisingly strong – considering that all users of the platform were airdropped a sizeable quantity of tokens. After rallying to highs of $8.50 in the days following its launch, the token has since witnessed massive inflows of selling pressure that brought its price down to lows of $3.75. Bulls have since stepped up and absorbed this selling pressure, pushing it back up towards the $5.00 region as they aim…

Rise of DeFi wars? Uniswap’s UNI token airdrop starts a crypto rivalry

Uniswap’s new UNI token has created a buzz in the DeFi world, with over 13,000 users claiming their tokens within three hours of its launch. This move was in response to SushiSwap’s decision to migrate almost $1 billion of funds from Uniswap through a “vampire mining” attack, which is the migration of an exchange’s funds/liquidity to another source. This move by SushiSwap essentially sparked one of the more important rivalries in decentralized finance, led by Sam Bankman-Fried, CEO of crypto derivatives exchange FTX. Sam briefly took over SushiSwap from its…

Uniswap UNI Token FOMO Brings Ethereum Fees To Nearly $1M An Hour

Last week, Uniswap launched its UNI token and set the crypto market ablaze with renewed interest in the DeFi project. The 400 free tokens essentially acted as a stimulus check, and as investors rushed to cash their “checks,” it brought Ethereum fees sky-high to a record nearly $1 million in a single hour. What does this mean for Ethereum, and what does it say about the demand for Uniswap’s new DeFi coin? UNI FOMO Drives ETH Gas Fees To Record One-Hour Highs The DeFi trend has brought about flashbacks of…

DEX Token UNI Trims Gains by Half in Brutal Sell-Off; Rebound Ahead?

UNI logged a rollercoaster opening session last week after rising by almost 2800 percent in just less than 24 hours. The token reached a record level of $8.59 following its free distribution among the users of UniSwap, a top decentralized cryptocurrency exchange by volume. It supplied about 150 million UNI tokens to its liquidity providers, traders, and SOCKS token holders. Nevertheless, UNI came under severe selling pressure as beneficiaries started dumping it in open markets to secure maximum profits. The result was a 50 percent downside correction, as shown in…

Uniswap’s UNI Token May Reel to $3.30 as Selling Pressure Ramps Up

Uniswap’s UNI token launch generated massive hype for around 24 hours, leading the token’s price to surge up to highs of $8.50 before the hype faded and the cryptocurrency’s price plunged lower. It doesn’t appear that the hype will return anytime soon, as the token has since erased the vast majority of its gains and is showing heightened signs of weakness. This weakness has come about in tandem with that seen by Bitcoin and the aggregated cryptocurrency market. BTC’s price has reeled down towards the lower-$10,000 region today and is…

Uniswap’s UNI Token Shows Signs of Weakness as Analysts Target $4.80

Uniswap’s token (UNI) has seen immense volatility throughout the past few days and weeks, with aggressive buying pressure following its launch pushing it up towards $8.50 before witnessing a massive inflow of selling pressure. This selling pressure has caused its price to collapse below $5.00, although it is still trading up significantly from its recent lows of $1.00 that were set just after its introduction to the market. Analysts are now noting that a combination of increased selling pressure and positive funding rates for UNI perpetual swaps indicates that downside…

$165 Million Bitcoin Moved to Ethereum after Uniswap’s UNI Token Launch

Key Takeaways Over 15,000 WBTC was minted since Sept. 17 prompted by UNI token yield farming incentives on Uniswap.  The comparative returns for Bitcoin-based pools are higher than Ethereum and Chainlink on DeFi platforms like yEarn Finance.  Curve added a new HBTC pool alongside the existing BTC-based pool backed by RenBTC, wBTC and sBTC.  Share this article WBTC (Wrapped Bitcoin) added 10,800 tokens 24 hours after UNI token launch, taking the amount Bitcoin locked in DeFi to $1.2 billion. High returns on Bitcoin-specific pools is another impetus for the mass…