This is currently the biggest driver. The new governance proposal enables the activation of the Protocol Fee Switch.
Deflation Mechanism: A portion of the trading fees from Uniswap will be used for buyback & burn of UNI tokens.
Estimated Impact: With the current trading volume, it is estimated that millions of UNI tokens (, approximately 2-7% of the total supply ), can be burned each year, creating a constant organic buying pressure.
2. Whale Accumulation (Major Investor)
On-chain data shows intensive whale activity, with large withdrawals
$UNI from exchanges (such as Binance) to private walle