Ethereum

2024

Uniswap

Toncoin

<p class="is-style-lead">Uniswap (<a href="https://crypto.news/price/uniswap/" target="_blank" rel="">UNI</a>) has seen a notable price increase of over 9.8% in the past 24 hours, breaking above $11 as it defied broader market conditions.&nbsp;</p> 
<p>This surge in UNI’s price has pushed its market cap to $8.74 billion, placing it at 17th among the largest cryptocurrencies by market cap.</p> 
<p>According to <a href="https://www.coingecko.com/en/coins/uniswap" target="_blank" rel="">data</a> from CoinGecko, the current UNI price represents a 17.1% increase over the last seven days and a 63.6% jump across 30 days.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf0MV5fsfR6mI24RiHxJUS0HIkoSae2lXyQNS8tW0qdKM6-Ss9qoSSIqrdugCYr6STnFhRJqF1xZCsclPXAx52-xmXV7yF40RiBqHF5_TxkOX4gUvh6RZJc_3XcahqVgtf_-iDNllFLVC7Bp2QqavisN0Ep?key=vXwu5S-vHj4Xht1s5G5T8A" alt="Uniswap spikes nearly 10% amid bullish momentum - 20">
 <figcaption class="wp-element-caption">
  Uniswap 24-hour price chart | Source: CoinGecko
 </figcaption>
</figure> 
<p>While Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="">BTC</a>) only made marginal gains of about 0.7% in the last 24 hours and Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="">ETH</a>) gained 4.5%, UNI’s 9.8% uptick represented the highest gains of any coin in that period.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfBdBaE-hVV-xnP5Xr2wxYLRWaU8iSimywQECx2YL1ZBNjS50mrKr_fo5uTXt48KVzbq2TV4z3BHojTH3cNzxIWGZbrjt8EMrHTEh5bv_0JNBXnt4dgbDTnXSF4VrQCI2xToXnQ7gfiikygAZ2i39oIIRo?key=vXwu5S-vHj4Xht1s5G5T8A" alt="Uniswap spikes nearly 10% amid bullish momentum - 21">
 <figcaption class="wp-element-caption">
  Highest gainers in the last 24 hours | Source: CoinGecko
 </figcaption>
</figure> 
<p>However, the coin’s 24-hour trading volume of $489.2 million placed it sixteenth among the most traded cryptocurrencies in the last day, just above Dogwifhat (<a href="https://crypto.news/price/dogwifhat/" target="_blank" rel="">WIF</a>) and below Toncoin (<a href="https://crypto.news/price/toncoin/" target="_blank" rel="">TON</a>), whose price is up 2.6%.</p> 
<p> You might also like: <a href="https://crypto.news/ethereum-etfs-could-go-live-in-july-analyst-says/" rel=""> Ethereum ETFs could go live in July, analyst says </a> </p> 
<h3 class="wp-block-heading" id="strong-significant-accumulation-spurs-optimism-strong"><strong>Significant accumulation spurs optimism</strong></h3> 
<p>The recent price hike for UNI follows significant accumulation by a wallet linked to the Amber Group, which bought around $20 million worth of Ethereum and <a href="https://crypto.news/tag/uniswap/" target="_blank" rel="">Uniswap</a>. </p> 
<p>According to Lookonchain, the wallet withdrew 987,053 UNI, valued at $10.6 million, and 2,638 ETH worth an estimated $9.2 million from Binance within a three-hour window.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">A wallet related to Amber Group withdrew 987,053 <a href="https://twitter.com/search?q=%24UNI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$UNI</a>($10.6M) and 2,638 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$ETH</a>($9.2M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Binance</a> in the past 3 hours.<a href="https://t.co/G3LaYopnBp" target="_blank" rel="">https://t.co/G3LaYopnBp</a> <a href="https://t.co/W4CN5QFkIg" target="_blank" rel="">pic.twitter.com/W4CN5QFkIg</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1801811393911656715?ref_src=twsrc%5Etfw" target="_blank" rel="">June 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Some market analysts have suggested that such substantial acquisitions by major players could signal strong confidence in UNI’s future prospects. </p> 
<p>However, they caution that while large buys can trigger short-term price increases, sustaining this momentum may be challenging amidst market volatility.</p> 
<h3 class="wp-block-heading" id="strong-recent-developments-and-future-prospects-strong"><strong>Recent developments and future prospects</strong></h3> 
<p>This latest surge marks the second consecutive day of rising UNI prices. The initial <a href="https://crypto.news/uni-price-climbs-9-as-uniswap-explores-new-layer-2-integration/" target="_blank" rel="">uptick</a> began on June 14 following a cryptic message from the decentralized exchange on social media, as can be seen below:&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/Uniswap/status/1801378844462747722 
 </div>
</figure> 
<p>The message was followed by<a href="https://twitter.com/Uniswap/status/1796897474402992542" target="_blank" rel=""> hints</a> that Uniswap v2 is preparing to support a new layer-2 blockchain after onboarding Optimism, Arbitrum, Polygon, Blast, and Base.</p> 
<p>In addition to these market movements, Uniswap Labs is making headlines in the crypto community with its <a href="https://twitter.com/cryptothegame_/status/1800199946739822594" target="_blank" rel="">acquisition</a> of Crypto: The Game (CTG), a popular online survival game. </p> 
<p>Many feel the game could further boost Uniswap’s profile and attract more investors to the platform.</p> 
<p> Read more: <a href="https://crypto.news/lbank-hot-water-breaking-japan-financial-rules/" rel=""> LBank in hot water for breaking Japan’s financial rules </a> </p>

Uniswap spikes nearly 10% amid bullish momentum

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