Arthur Hayes Reignites Interest in Uniswap with Major UNI Token Purchase Amid Bullish Outlook

BitMEX co-founder Arthur Hayes has made a notable return to Uniswap (UNI) after three years, purchasing 28,670 UNI tokens worth approximately $244,000. The move comes as the DeFi token surged over 21% in a single day, reaching nearly $10, following the announcement of Uniswap’s new Unification Proposal.

According to on-chain tracker Lookonchain, Hayes’ purchase aligns with growing excitement around Uniswap’s plans to activate protocol fees and introduce a token burn mechanism. The Unification Proposal, developed by Uniswap Labs and the Uniswap Foundation, aims to implement a fee switch to fund a UNI token burn and enhance the ecosystem’s sustainability. Around 100 million UNI tokens are set for a retroactive burn, counting from the exchange’s inception. Additionally, Uniswap plans to launch an auction system offering protocol fee discounts to boost liquidity provider rewards and engagement on the platform.

Following these announcements, UNI experienced a massive spike in trading volume and investor enthusiasm. Hayes’ buy-in has further fueled bullish sentiment among traders who view it as a strong vote of confidence in Uniswap’s long-term potential.

CryptoQuant CEO Ki Young Ju also expressed optimism, predicting a “supply shock” for UNI if the fee switch is implemented. He noted that Uniswap’s V2 and V3 models have generated over $1 trillion in trading volume year-to-date, which could translate to an estimated $500 million annual token burn. Such a reduction in circulating supply could drive UNI’s price higher.

While some analysts foresee a major bullish breakout, others remain cautious about the broader market outlook. Nonetheless, Hayes’ strategic UNI purchase underscores renewed confidence in Uniswap’s evolving DeFi ecosystem and the potential for significant growth ahead.