- Uniswap’s price is tracking gains above $5.20 after bouncing from a low of $4.87.
- Gains arrive as the Uniswap community prepares to vote on a major governance proposal.
- The vote could lead to the burning of 100 million UNI in the coming days.
The Uniswap governance token has seen a modest price increase as traders position themselves ahead of a potential burn of 100 million UNI tokens on the network.
This move, tied to a recently proposed “unification” vote, appears to have sparked optimism among investors, with UNI registering a noticeable uptick in trading volume over the past 24 hours.
The gains come after a recent pullback and amid broader market weakness that has left many altcoins mirroring Bitcoin’s struggles.
Uniswap price climbs above $5.20
At the time of writing on Thursday, December 18, 2025, Uniswap was trading around $5.24.
Daily gains approached 4% as bulls tried to recover from a low of $4.87.
The rebound follows an earlier dip below $5.40 that followed news of Ethereum co-founder Vitalik Buterin selling 1,400 UNI tokens, which initially pushed the token down to $4.99.
Bulls stepped in and lifted UNI to $5.30 after Bitcoin posted a sharp rise earlier in the week.
However, that rally lost momentum as selling pressure returned and prices slipped back below $4.90.
Now UNI appears poised for another move higher as buying interest reemerges.
The token’s ability to sustain a recovery and push above the $5.20 support-turned-resistance level could strengthen if the community approves the proposed fee changes and token burn.
Uniswap set for 100 million UNI burn
One of the potential catalysts for UNI’s price action is the “unification” proposal currently before governance.
Uniswap founder Hayden Adams submitted the governance proposal, with the voting period scheduled to begin December 19 at 22:30 EST and conclude on December 25, giving the community the chance to decide on the protocol’s next steps.
If the proposal secures the necessary votes in favor, it will pass. There is then a two-day time lock before Uniswap executes the token burn.
The plan specifically targets removing 100 million UNI from circulation by enabling fee switches for V2 and V3 pools on mainnet.
“Fee switches for v2 + v3 will be turned on on mainnet and will start burning UNI alongside Unichain fees,” Adams noted in his announcement.
As the vote approaches, the outcome could be a defining moment for Uniswap’s token economics and market sentiment.
For context, UNI traded as high as $7.70 in mid-November before the recent pullback.