The surge in UNI’s price has propelled its market cap to $8.74 billion, positioning it as the 17th largest cryptocurrency by market cap. Lookonchain reported a significant withdrawal from Binance, with 987,053 UNI (valued at $10.6 million) and 2,638 ETH (worth approximately $9.2 million) being withdrawn within a three-hour window.
It is cautioned that while large buys can trigger short-term price increases, maintaining this momentum may be challenging in the face of market volatility. There is a belief that this development could further elevate Uniswap’s profile and attract more investors to the platform.
