The UNI token records a significant increase after the approval of the reform proposal

The cryptocurrency market reacts positively to structural changes in Uniswap. The proposal called “Unification” received community approval with 69 million participating votes, well above the minimum threshold of 40 million needed for its implementation.

Proposal Details and Its Impact

The approved plan involves burning 100 million UNI tokens, a deflationary measure that reduces the circulating supply. Additionally, fee switches will be activated on the mainnet v2 and v3 versions of the platform, allowing Uniswap to monetize its protocol more efficiently.

Price Rises and Market Movement

Since December 20, UNI has experienced a notable appreciation of 25%, reflecting investor optimism toward the reform. The price reached highs around $6.50 before consolidating at more moderate levels. Recent data shows the token trading at $5.83 with a -1.60% variation in the last 24 hours, suggesting a technical correction phase after the initial bullish movement.

Institutional Trader Activity

The Hyperliquid platform recorded significant movements by speculative traders. One trader opened a 10x leveraged long position at $5.20, achieving an unrealized gain of 154% valued at $870,000. The position remains active with take-profit orders set between $6.52 and $10, indicating confidence in a continued upward trend.

Technical Outlook

Analysts are closely monitoring support and resistance levels as the market absorbs the implications of the approved proposal. Trading volume and the behavior of large operators will continue to be key indicators to determine the trend direction in the coming days.