Arthur Hayes Buys $257K in UNI Before Uniswap Fee Switch
BitMEX founder Arthur Hayes bought 28,670 Uniswap (UNI) tokens worth $257,000 via the OTC platform FlowDesk. Uniswap plans to activate a fee switch and may burn up to $100 million in tokens. Since the announcement, Uniswap’s price rose above $10 before pulling back to $8.62. Hayes made his purchase when UNI traded at $8.96. With DeFi volume shifting to Ethereum Layer-2 solutions like Aster and Hyperliquid, Uniswap is exploring new ways to regain competitiveness. Traders should monitor the fee switch activation and token burn for potential market impact.
Bullish
Arthur Hayes’s sizeable acquisition of UNI tokens sends a strong bullish signal to the market. Historically, large OTC buys by industry insiders have preceded upward price movements, as seen when major investors accumulated Ethereum ahead of the Merge. The timing aligns with Uniswap’s upcoming fee switch activation and potential $100 million token burn, both of which can tighten supply and boost demand. This combination of insider confidence and protocol upgrades is likely to draw trader attention and inflows, at least in the short term. Over the long term, successful implementation of the fee switch and a sizable burn could enhance Uniswap’s revenue model and governance token utility, potentially supporting sustained price growth. Therefore, traders may view this development as a catalyst for bullish momentum in UNI.