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Drops Analytics Drops Analytics @drops_analytics · 630K subscribers
Post #7721 8.66K
📈 The price of UNI has surged by nearly 10% today after the Uniswap treasury burned 100 million UNI, worth ~$650M.

Uniswap Treasury · ETH
Sent: 100,000,000 UNI (~$644,000,000) To: Burn Address
Tx hash👀


This move follows the recently approved Uniswap fee-burn proposal, under which future protocol fees collected by Uniswap will also be used to burn UNI tokens.

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Notably, a trader with nearly $1M in all-time profit recently opened the largest UNI position on HL, going long at $5.62 and now holding an unrealized profit of over $500K.
⬆️ $4.18M (10×) Long
Liq: $4.22
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