Uniswap's proposal to "burn 100 million UNI tokens" has been implemented ahead of schedule, resulting in a 156% unrealized profit for the largest long...

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Uniswap's proposal to burn 100 million UNI tokens passed early with strong community support, driving UNI's price up 25% to $6.16. A whale made a 154% profit on a leveraged long position, betting on further gains.

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UniswapAMMDeFiGovernanceUNI tokengovernance proposalcryptocurrencywhale trading
According to Mars Finance, on December 22nd, Uniswap's "Unification" proposal was finalized. On-chain data shows that the proposal has received over 69 million votes, far exceeding the 40 million votes required for passage, with community support approaching 100%. Meanwhile, according to Hyperliquid data, UNI has been rising steadily since the 20th, reaching a high of $6.5, an increase of approximately 25%, and is currently trading at $6.16. Furthermore, according to HyperInsight monitoring, the largest long whale in UNI on Hyperliquid (0x10a) opened a 10x leveraged long position in UNI at an average price of $5.2 before the vote began on the 19th, and currently has a floating profit of $870,000 (154%), with a total position size of approximately $5.6 million. In addition, it has placed take-profit orders in the $6.52 to $10 range and has not yet closed the position, continuing its bullish stance. Furthermore, this new address, belonging to a whale, deposited approximately $1.8 million into Hyperliquid on the 19th, subsequently buy the dips into multiple cryptocurrencies at different stages. Currently, the account has a total unrealized profit of $1.87 million, effectively doubling its funds. Previously, it was reported that Uniswap founder Hayden Adams' "Unification" proposal entered its final governance voting phase. Voting began on December 20th at 11:30 AM (Beijing time) and will end on December 26th. If the proposal passes, after the 2-day lock-up period, it will immediately initiate: the burning of 100 million UNI tokens; and the activation of mainnet v2/v3 fees, with related transaction fees used to continuously burn UNI.

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