UNI (Uniswap) rose 4.81% in the last 24 hours

Gate News Bot message, July 18, according to CoinMarketCap data, as of the time of writing, UNI (Uniswap) is currently priced at $9.48, with a rise of 4.81% in the last 24 hours, reaching a high of $9.57 and a low of $8.19. The 24-hour volume has reached $842 million. The current market capitalization is approximately $5.958 billion, an increase of $273 million compared to yesterday.

Important news about UNI recently:

1️⃣ Swing traders profit significantly An investor who has been trading UNI since September 2020 has now accumulated a profit of 21.54 million USD. This investor built a position of 662,605 UNI at an average price of 5.99 USD on May 21. Based on the current price of 8.8 USD, the return on this investment has reached 47%, with an unrealized profit of 1.862 million USD. This indicates that the market's long-term sentiment towards UNI remains strong.

2️⃣ Large capital flows attract attention Trend Research recently extracted a large number of UNI tokens from the exchange. Specifically, the institution withdrew 2.78 million UNI, which was valued at approximately 25.52 million dollars at that time. This move may suggest that institutional investors are increasing their positions in UNI, or transferring them to over-the-counter wallets for long-term holding.

3️⃣ UNI price trend is strong The price of UNI has risen from around $6 at the end of May to the current $9.48, an increase of more than 50%. This strong performance corresponds with the actions of large investors, reflecting the market's increasing confidence in the Uniswap project.

From a technical perspective, UNI continues to rise after breaking through the 9-dollar mark and may test the pressure of the 10-dollar integer mark in the short term. At the same time, with the continued development of the DeFi sector, Uniswap, as a leading decentralized exchange, still maintains a robust fundamental.

This message is not an investment advice, and investors should be aware of market volatility risks.