Uniswap's proposal to "burn 100 million UNI" has been implemented ahead of schedule, with on-chain UNI's largest long positions lying in ambush for unrealized gains of 156%.

On December 22, Uniswap's “Unification” proposal has been finalized. On-chain data shows that the current number of supporting votes for this proposal has exceeded 69 million, far exceeding the required threshold of 40 million, with community support close to 100%. Meanwhile, according to Hyperliquid data, UNI has continued to rise since the 20th, reaching a peak of $6.5, an increase of about 25%, and is currently reported at $6.16. Additionally, according to HyperInsight monitoring, the largest long position Whale on Hyperliquid (0x10a) opened a 10x leveraged UNI long order at an average price of $5.2 before voting began on the 19th, and currently has unrealized gains of $870,000 (154%), with a holdings size of approximately $5.6 million. Furthermore, they have also set take profit orders in the range of $6.52 to $10, which remain unclosed, continuing to be bullish. Moreover, this new address Whale deposited approximately $1.8 million into Hyperliquid on the 19th, and subsequently bought the dip on multiple coins at different stages, with a total unrealized gain of $1.87 million, effectively doubling the account funds. Previously, it was reported that the “Unification” proposal submitted by Uniswap founder Hayden Adams entered the final governance voting phase, with voting starting at 11:30 on December 20 (Beijing time) and ending on December 26. If the proposal passes, it will directly initiate the destruction of 100 million UNI after a 2-day lock-up period; it will also activate the Mainnet v2/v3 fee switch, with related fees to be used for the continuous destruction of UNI.