Uniswap Burns 100M Tokens as "UNIfication" Proposal Passes.
What's Happening:
$UNI trades at $5.92 (-0.74%) amid a massive governance restructure.
DAO approves "UNIfication," enabling protocol fee switch and burning 100M UNI ($594M).
First deflationary mechanism is now live, countering long-standing tokenomics concerns.
Bitwise ETF filing keeps UNI in the regulated investment conversation.
Why It Matters:
The "fee switch" has been the holy grail for UNI holders. By activating burns, Uniswap is finally linking its massive protocol revenue to the token's value accrual. It's no longer just a governance token; it's a yield-bearing asset proxy.
Technical View:
Price is consolidating. $5.80 is the floor. Beating the $6.50 resistance is crucial to confirm the bullish thesis.
🎯 Key Levels:
Support: $5.80 | Resistance: $6.50
24h Range: $5.85 - $6.05
💡 "Revenue share changes everything. Uniswap just woke up."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Uniswap #UNI #DeFi #TokenBurn #CryptoNews
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
