The Uniswap (UNI) token has shown an impressive surge of over 20% in the last 24 hours, attracting the attention of traders and analysts. Key factors contributing to this include the revival of the DeFi market and active purchasing by large investors.
Reasons for UNI's Surge
In the last 24 hours, UNI rose from around $7.65 to nearly $11, before stabilizing at $10.78. This surge was accompanied by an increase in trading volume, exceeding $1.5 billion, making UNI one of the top-performing cryptocurrencies this week. The main reason for this rally is the revival of the DeFi market, with increased financial flows back into trusted platforms.
Impact of Large Investors
Among the significant factors contributing to this growth is aggressive buying by large investors, known as 'whales.' Data indicates 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 total value locked in Uniswap has risen above $5.71 billion.
Experts' Expectations
Market analysts remain bullish on UNI. Yi Lihua, founder of LD Capital, recently noted that the token could have 'more than 3x the upside potential compared to its previous all-time high.' If Ethereum’s bullish trend continues, Uniswap could become one of the most attractive leveraged bets in crypto.
In light of the recent surge of Uniswap (UNI) and positive expectations from experts, the DeFi market shows signs of recovery. If current trends persist, UNI could reach new heights.
