The post Why the Uniswap (UNI) Token is Surging Today appeared first on Coinpedia Fintech News
Uniswap (UNI), one of the leading decentralized finance (DeFi) tokens, is stealing the spotlight today. The token has jumped over 20% in just 24 hours, surprising many traders about what’s behind this rally. So, what is fueling this sudden surge?
Let’s break it down.
Why UNI Is Surging Today
Over the last 24 hours, UNI has surged by over 20%, rising from around $7.65 to nearly $11 before stabilizing at $10.78. This strong upward move comes with a surge in trading volume, crossing $1.5 billion, and has made UNI one of the best-performing cryptocurrencies of the week.
On top of it, the biggest reason behind UNI’s rally is the revival of the DeFi market. After months of low activity, funds are flowing back into trusted DeFi platforms, and Uniswap, being one of the largest decentralized exchanges, is benefiting the most.
Whales Are Driving the Rally
Another major factor is aggressive buying by large investors, also known as whales. Data shows that whale holdings in UNI have increased by nearly 68% in the past month, signaling strong confidence from institutional players.
At the same time, the DeFi market is gaining momentum again, and Uniswap’s total value locked (TVL) has risen above $5.71 billion. Meanwhile, Retail traders are also joining in, with open interest in Uniswap’s futures market climbing by 26.5%, a clear sign of rising demand and positive sentiment.
Experts See 3x Gain Ahead
Meanwhile, market experts remain bullish on UNI. Yi Lihua, founder of LD Capital, recently noted that UNI could have “more than 3x the upside potential compared to its previous all-time high.”
He added that if Ethereum’s bullish trend continues, Uniswap could become one of the most attractive leveraged bets in crypto.
UNI Price Analysis
UNI recently broke past key resistance levels, sparking a wave of new buying activity. After such a sharp jump, some analysts expect short pullbacks or sideways moves as the market stabilizes.
Looking ahead, bullish targets remain high. Experts believe UNI could reach $14.45 and possibly climb toward $20 if the broader DeFi market continues to rally. The next big challenge for UNI is breaking above the psychological $11 mark and holding momentum toward $12.
