UNI has risen to $5.1—will you chase it?
Let's look at the surface first: UNI has surged fiercely, but you're feeling a bit nervous.
It more than doubled in three months, and in the past seven days, it rose 13%-18%. Market value has surged back to 3.18 billion, ranking 26th. 24-hour spot + contract trading has reached nearly 2 billion, with real cash flow.
But after hitting 5.47 yesterday, it crashed back again, with a long upper shadow on the daily chart.
First: Tokenomics have been rewritten—UNI is no longer a 'waste governance token.'
In December 2025, UNIfication was approved: the treasury will burn 100 million UNI at once, turning on protocol fee switches and using part of the trading fee to buy UNI on the market and then burn it.
As of August 31, approximately 110 million tokens had been burned, valued at $630 million. On August 21, 150,000 tokens were burned in a single day, totaling $590,000, setting a new stage high.
UNI has transformed from a pure governance coin into a "protocol revenue-linked deflationary asset."
The second thing: Robinhood Chain has taken over TradFi traffic.
After the mainnet launched in July, Uniswap became the chain's public AMM. Stock token daily trading volume once reached $130 million, a tenfold increase in a month, with cumulative transactions reaching the billion-yuan level. Robinhood Chain's contribution to protocol fees and burns has risen significantly—recently, the chain accounts for nearly half of these burns.
UNI received traffic from traditional finance for the first time, not just internal turnover within the crypto community.
The third thing: Big players are moving positions, chips are leaving the exchange.
Recently, there have been withdrawals from dormant wallets, and upbit/Binance hot wallets moving to cold wallets/market maker addresses. This is a signal of "tokens leaving the exchange," and when combined with the burn mechanism, the market interprets it as supply contraction.
But note: the narrative has already been priced in by around 5.4.
The bullish and bearish showdowns are up to you
On one side:
UNIfication passed, protocol fees were bought back and burned, and the deflationary narrative began
Robinhood Chain connects to stock tokens, and TradFi traffic is truly implemented
A total of 110 million coins (630 million USD) have been burned, with supply continuing to shrink
Since the rebound at 2.31, the trend has turned bullish
On one side:
The daily RSI is 70-71, overbought, indicating a hot short-term trend
Yesterday, the upper shadow was at 5.47, indicating obvious supply pressure
The risk of a FOMC rate hike in September is tight in macro sentiment
If BTC loses 76,000, UNI will find it hard to remain unaffected
Resistance above: 5.20 → 5.45-5.50 (yesterday's supply) → 5.65-5.80 → 6.00-6.11
Support below: 5.00 → 4.85-4.95 (breakout of the platform) → 4.64-4.70 (structural defense)
Operational strategy
For those already with multiple orders:
Subtract 30%-40% of floating profit-loss, and reduce your position to a level where it doesn't hurt even if swept. Take-profit ladder: 5.45-5.50, then cut a bit; hold above 5.50, then look at 5.80/6.10. Move your stop loss to 4.84.
For those wanting to go long on a short position:
Wait for a pullback to 4.86-5.00; ideally, a lower shadow will close within 4 hours or increase volume to stop the decline. Stop loss below 4.62, target 5.28→5.48→5.80. Profit-loss ratio qualifies.
If the daily closing holds above 5.50 and the contract rate hasn't turned positive aggressively, then chase. Stop loss at 5.28, target 5.80/6.10.
Want to short:
You can go for tactical shorting, but not for belief shorts. Only try shorting when resistance occurs between 5.45-5.50 and a clear upper shadow + shrinkage appears at 4 hours. Stop loss above 5.58, target is only 5.00/4.86.
Focus on two variables: whether BTC falls below 76,000, and whether UNI daily burns and Robinhood stock token trading cools significantly.
UNI's recent reversal marks the first time in DeFi history that a protocol has started making money to buy back—
99% of people still view UNI with the old view that "governance coins have no value," but the protocol has already burned through $630 million.
How much does your UNI cost?
Can this round reach 6 yuan?
$BTC$ETH$UNI
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more