Bitcoin continues to hover around the $70,000 mark as the market anticipates the upcoming halving. The expectation of halving continues to bring a sense of excitement and bullish sentiment to the market. During this period, there has been significant activity in meme coins, while the market’s attention also turns to announcements from the sector. A few moments ago, a post was made from Uniswap Labs’ official account.
What Will Uniswap Announce?
Developments at Uniswap, considered the world’s largest decentralized exchange by volume, continue to unfold. The platform, which experienced a change in transaction fees in the past period, later made an airdrop announcement that captivated the entire market.
As developments continue to emerge, a post was made a few minutes ago.
The post from Uniswap Labs’ account hinted at a major event happening tomorrow, urging users to turn on their notifications.
Whether the recent airdrop announcement is related to this upcoming event is already a subject of curiosity. The details of the event will become clear following tomorrow’s announcement.
What is the Price of UNI?
Amidst these developments, attention has turned to the price of UNI. UNI saw a steady rise from its $7 level at the end of February, reaching $17 in mid-March, but then experienced a slight pullback.
UNI rebounded from its drop to $10.3, reaching $12.6 today. Following the news, UNI momentarily rose to $13 but has since retracted to $12.6 at the time of writing.
UNI’s market capitalization also fell to $7.5 billion during the same period, while its 24-hour trading volume remained stable after the news, with only a 0.85% increase to $168 million.
This suggests that, at least for now, Uniswap’s announcement has not found a significant response from users. It’s important to remember that new announcements in the coming hours could impact the cryptocurrency in both directions.
It’s also important to remember that even the recent airdrop announcement caused division among platform users. Therefore, it would be prudent for cryptocurrency investors to follow this matter more closely for their investments.
On the other hand, as of the time of writing, the price of BTC continues to trade at $69,878.
