UNI Hits 2-Month High After Uniswap Proposes Token Burn

iconBpaynews
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

Derived from Bpaynews, UNI, the native token of Uniswap, has surged to a two-month high following a governance proposal to burn a portion of its tokens. The move aims to reduce supply, potentially increasing scarcity and value. The price rose over 20% after the announcement.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.