- Uniswap price targets a move above $5.20 after bouncing from a low of $4.87.
- Gains coincide with the Uniswap community preparing to vote on a major governance proposal.
- The vote could lead to 100 million UNI being burned in the coming days.
The Uniswap governance token has seen a modest price uptick as traders reposition ahead of a potential network burn of 100 million UNI tokens.
This development, tied to the recently proposed “Unification” governance vote, has sparked investor optimism and driven a notable increase in UNI trading volume over the past 24 hours.
The rally comes after a recent pullback and amid broader market weakness that has left many altcoins mirroring Bitcoin’s struggles.
Uniswap price eyes a rise above $5.20
At the time of writing on Thursday, December 18, 2025, Uniswap was trading around $5.24.
Intraday gains were roughly 4% after bulls pushed prices higher from a short-term low of $4.87.
This rebound followed a fresh sell-off below $5.40, triggered in part by the sale of 1,400 UNI by Ethereum co-founder Vitalik Buterin, which put initial downward pressure on the token and pushed it to $4.99.
Bulls later pushed prices up to $5.30 as Bitcoin showed a sharp early-week advance.
However, the market could not sustain the move as selling pressure resumed and the price dipped back under $4.90.
With buying interest re-emerging, UNI is now positioned for a potential rebound.
The token’s ability to hold gains and climb decisively above the $5.20 support-turned-resistance level may strengthen if the community green-lights the governance vote concerning fee mechanics and the prospective token burn.
Uniswap poised for a 100 million UNI burn
One major catalyst for a UNI price uptick is the “Unification” proposal up for a governance vote.
Uniswap founder Hayden Adams submitted the governance proposal on X, scheduling community voting that began on December 19 at 22:30 EST and runs through December 25, 2025.
If the proposal secures the required votes, it will be enacted. Following approval, there is a two-day timelock period before Uniswap proceeds with the token burn.
Specifically, the proposal calls for removing 100 million UNI from circulation by enabling a fee switch for v2 and v3 pools on mainnet.
“The v2 + v3 fee switch will be turned on mainnet and will begin burning UNI, alongside Unichain fees,” Hayden explained in his post.
As the community prepares to cast its votes, the outcome could be a defining moment for Uniswap’s price trajectory.
For context, UNI last traded as high as $7.70 in mid-November.