Whales Buy UNI as Uniswap Proposes UNIfication to Activate Fee Switch and Burn UNI

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.