A whale wallet has invested $1.5 million in Uniswap (UNI), purchasing 155,455 UNI tokens as the cryptocurrency aims for a breakout above $12. This move signals confidence in Uniswap's potential price surge, despite current trading just below $10. The investment comes as Uniswap, a leading Ethereum decentralized exchange, continues to show strong market performance, generating $3.71 million in fees over the last 24 hours. Analysts suggest that recent Federal Reserve rate cuts and Uniswap's revenue leadership among Ethereum DEXs could drive a price reversal and increase.
Whale Invests $1.5M in Uniswap Amid Potential $12 Breakout
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