Global #UNI

The native token of UniSwap, UNI, is facing a period of significant downward pressure, with a recent whale dump exacerbating concerns.

Uniswap (UNI), the native token of the decentralized exchange Uniswap, has shown signs of recovery after a recent 18% dip. The price of UNI fell from a high of around $8.50 to a low of around $7.00 in a matter of days, but has since rebounded to around $7.50.

The Uniswap Foundation, overseeing the decentralized exchange Uniswap, has decided to postpone the highly anticipated vote on UNI staking and delegation rewards scheduled for May 31.

Uniswap's price surged over 20% in the last 24 hours, reaching $10.99, its highest point since early April. The bullish trend suggests that increased buying pressure might drive UNI towards the March high of $15.40.

In the last day of trading, the Decentralized Finance (DeFi) token Uniswap [UNI] saw a 7.2% increase in value as the cryptocurrency market started to see upward volatility related to the halving of Bitcoin [BTC].

Following an 8% increase in the value of cryptocurrencies, Uniswap (UNI), a significant participant in the decentralized finance (DeFi) space, is currently in the news. Ali Martinez, a well-known cryptocurrency analyst, explained how the spike on Uniswap's daily chart suggests a buy signal flashing.