UNI breaks new ATH: v3 hype or strong fundamentals?

Profile picture
Apr 28, 2021

With the price of Ethereum reaching another ATH today, a number of ERC-20 coins have - unsurprisingly - also been painted green, some recording double digit gains over the past 24 hours.

And while most ERC-20’s were riding Ethereum’s coattails, UNI was in fact surging ahead of time, moving into price discovery about 12 hours earlier than ETH:

Price of UNI (green) versus price of ETH (pink), past 10 days (Source: Sanbase)

The price of UNI has peaked at a new all-time high of $40.5 early on Tuesday, mostly consolidating around the $40k mark since.

With the much-anticipated launch of Uniswap's v3 on May 5th, it feels like a great time to check in on some of UNI's recent on-chain and social activity, and what it suggests about the coin's latest ATH pump.

As expected, the amount of UNI-related mentions

There’s more of this Insight

Choose your subscription plan

Sanbase PRO

Unlock all PRO insights

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!

Assets from this insight

Uniswap logo


$ 24.77

5.43%in last 7d