370K UNI holders and treasury boost signal strong

370K UNI holders and treasury boost signal strong fundamentals

Market data shows that the recent price increase may be attributed to several key on-chain developments.

One significant contributor is the Total Holder Count of UNI, which has reached a new all-time high.

At the time of writing, approximately 370,000 addresses now hold UNI. While the total volume held by these addresses isn’t specified, it is likely significant, contributing to the recent 24-hour price increase.

During this period, UNI’s Treasury Value also grew, further strengthening bullish sentiment. The treasury is now valued at $5.6 million.

This growth indicates that Uniswap’s financial health is strong and that the team has the necessary resources to support development efforts when required.

While these market developments have drawn investors closer to UNI, sentiment data also suggests the market isn’t entirely bullish.