Whales Buy UNI as Uniswap Proposes UNIfication to Activate Fee Switch and Burn UNI
UNI/USDT
$24,124,416.21
$3.451 / $3.355
Change: $0.0960 (2.86%)
+0.0026%
Longs pay
COINOTAG News reported on November 11, citing Onchain Lens, that Uniswap Labs and the Foundation have introduced the UNIfication proposal to activate the transaction-fee switch and burn UNI. The move targets refreshed tokenomics and strengthened DeFi governance, with markets weighing potential supply reductions against near-term volatility.
According to the same report, key on-chain actors have begun accumulating UNI: Whale 0xb1f bought 254,441 UNI at $8.97, financed by 2.28 million USDT; Whale 0x0f1 acquired 199,818 UNI at $8.92 using 504 ETH (~$1.78 million); Whale 0x555 purchased 181,421 UNI at $8.27 with 1.5 million USDC.
Looking ahead, market participants will track on-chain liquidity and buy-side momentum in UNI, assessing whether this on-chain activity translates into a durable re-rating of UNI price and market cap.