Will UNI Keep Rising or Fall Flat? The Cryptocurrency Soap Opera Continues! 🤔🚀

by

Hold onto your hats, crypto enthusiasts! Uniswap’s [UNI] has decided to put on a bit of a show, sashaying up by an impressive 14% in just 24 hours, according to CoinMarketCap. It’s like watching a rollercoaster with no safety bars—thrilling, a little terrifying, and you’re never quite sure if it will survive the loop.

This sudden surge has swiped away the gloomy clouds of the past month’s losses, returning UNI to the sweet land of positivity. Because what’s more fun than a rally? Well, possibly anything—such as realizing your favorite coin might be about as stable as a Jenga tower in an earthquake. 🌪️

Turns out, on-chain activity—think of it as the blockchain’s version of a busy city street—could help UNI go even higher. But beware the lurking threats, as AMBCrypto’s research suggests the story isn’t all sunshine and rainbows. More like clouds with a chance of drizzle, really.

370K UNI holders and treasury boost signal strong fundamentals

Key to the high spirits? A bustling community of around 370,000 addresses holding UNI—think of them as the proverbial hipsters of the crypto world; everyone wants to be in the club. While we don’t know exactly how much each of these addresses owns, it’s probably enough to keep the price dancing.

And just to add a little more sparkle to the scene, UNI’s treasury has ballooned to $5.6 million. Yes, you read that right—Uniswap isn’t just floating aimlessly; it’s sitting pretty with its cash reserves, ready to launch into yet another round of development. 🤑

All this sounds great, like a bullish dream—until you check the mood gauge. Because market sentiment can be as fickle as a cat deciding whether it wants cuddles or chaos.

DEX volumes fall, and TVL inches up

Meanwhile, the decentralized exchange (DEX) volumes are having a bit of a nap. Spot trading activity has gone down, with only $1 billion moving around—less excitement than a Sunday morning garage sale.

This suggests traders might be more inclined to sell than buy, putting a damper on UNI’s price party. As for the Total Value Locked (TVL)—that’s fancy talk for assets parked safely within Uniswap—it’s creeping up ever so slightly from about $4.847 billion to $4.883 billion. Not exactly a leap, more a tentative step, like an awkward teenager trying to ask someone out.

This suggests investors might be wary of tying up their assets long-term, preferring to keep them on centralized exchanges (CEXs)—probably for a quick getaway, rather than long walks on the blockchain.

Spots sell, but derivatives traders stay bullish

When it comes to actual buying and selling, spot traders have been more active in selling—about $7.93 million worth in the last two days, with nearly $6.5 million gone in just 24 hours. But hold your applause—the derivatives traders are still singing a different tune, remaining stubbornly bullish.

In fact, the Funding Rate—think of it as the cost of bets on where the price is headed—has jumped to 0.0044%. That’s a fancy way of saying long-term traders are willing to pay extra, dangling the carrot of further rallies. 🍭

All in all, while some traders are selling like there’s no tomorrow, the bullish crowd keeps the hope alive—like a contentious family dinner, where everyone secretly hopes the dessert is worth the drama.

Read More

2025-06-10 23:14