Record: Dormant UNI wak up, market jump 21%
Uniswap (UNI) see record 72.95 billion “age consumed” as long-dormant tokens start to dey active again. Dis trigger 21% market cap rise and 75% spike in trading volume. Since June 22, UNI don climb to $7.88, up 5.5% in 24 hours and almost 24% in 30 days. On-chain metrics show say average holding periods drop by 7.2%. 24 hour volume reach $439 million. Technical indicators dey show UNI dey test upper Bollinger Band at $7.78, with support near $6.60. Clear break above $7.78 fit push UNI go $8.50 and $10, aided by rising RSI and ascending triangle pattern. Meanwhile, Uniswap Layer-2 rollup Unichain for Optimism process over $12 billion volume by mid-May. E capture 76% of v4 transactions, cut fees by up to 95%, plus active addresses climb 3,000% reach 5.9 million. Unichain now be fourth largest L2 with $858.7 million in TVL.
Bullish
Di surge wey dey for dormant token activity plus di reactivation of long-held UNI show say investors dey get renewed interest, wey historically dey come before price go up. Strong on-chain metrics—75% volume spike, 21% market cap gain, plus shorter holding periods—highlight say trading momentum don dey high. Technical indicators like test of top Bollinger Band at $7.78, ascending triangle pattern, plus rising RSI, suggest say break fit come toward $8.50 and $10. For meanwhile, Uniswap’s Layer-2 Unichain dey show robust adoption, e process over $12 billion in volume, reduce fees by like 95%, plus e capture 76% of v4 transactions. This fundamental growth dey support long-term growth. Traders fit expect continue volatility near term, with bullish catalysts from token reactivation and Layer-2 scaling, wey go solidify better outlook for UNI.