Uniswap
Why Uniswap is up 9.5% today
Analysis
Uniswap (UNI) rose 9.5% over the past 24 hours as traders appeared to rebound from earlier weakness tied to ETF-related headlines. CryptoNews reported that Bitwise filed an S-1 with the SEC to launch a Uniswap-focused ETF, a development that initially coincided with a sharp UNI selloff; the latest move looks like a partial recovery as the market digested that news.
Contributing Factors (1)
Bitwise Files S-1 With SEC to Launch Uniswap-Focused ETF, UNI Token Slumps 16%
Bitwise Uniswap ETF fund targets exposure to UNI, the governance token of the leading decentralized exchange protocol. The post Bitwise Files S-1 With SEC to Launch Uniswap-Focused ETF, UNI Token Slum...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.