Altcoin Buying Opportunity: Amid Uniswap News and FUD, Seeking Undervalued Assets?
🚀 Uniswap's UNI tokens skyrocketed in just 48 hours, leaving Bitcoin in the dust during a phenomenal late-November 2020 rally.
After this mammoth surge, these tokens started a five-month correction, but they didn't deviate too far from other cryptos in the top market cap rankings. The economic downturn in February and March of 2021, spurred by the Trump shock, a widespread profit-taking spree, and increased tax payments to the federal government, affected just about everything, including stocks.
UNI Tops Bitcoin's Gains in a Matter of Days
This flighty crypto market behavior was nothing new for Uniswap or UNI; it had simply corrected after an overbought phase. Cryptocurrency markets are infamously swift, often outpacing the NYSE and Nasdaq by significant margins.
In the last 30 days of 2020, Uniswap and Bitcoin both saw a 33%green candle, primarily because UNI rocketed up the chart from December 9 to December 11, surging from $4.80 to $6.30 in just under 48 hours.
Had UNI stayed trading sideways at its prior level before the massive 31% green day, it would have nearly ended the month in the red. A Bitcoin maximalist might argue that this 33% ride was akin to shorting BTC and getting squeezed out.
Did UNISwap's DAO Drama Fuel the Markets?
Despite the crypto FUD (fear, uncertainty, and doubt) surrounding some supposed drama at the Uniswap Foundation, Uniswap still managed to match Bitcoin's Friday price gains for the 30-day chart.
In May 2025, a veteran DAO delegate, known as Pepo, decided to quit the UNI DAO (decentralized autonomous organization) and vented their concerns in a manifesto. Did altcoin traders, following reports of a brewing DAO beef, reward UNI for sticking in Pepo's craw this week?
"There are people in this governance who continue to act with clarity, integrity, and grit," Pepo declared, "not because it's rewarded, but because it's right [ ... ] I saw you. I respect you. And I thank you."
The Uniswap Foundation responded a day later by stating, "Uniswap is the only major Protocol Foundation that is funded through the express approval of delegates."
Sources
- CryptoSlate
- CoinMarketCap
- CoinDesk
- Decrypt
- The Block
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- Cryptocurrency trading saw a rise in late 2020, with Uniswap's UNI tokens outperforming Bitcoin, gaining 33% in just 30 days from December 9 to December 11.
- The Uniswap DAO (decentralized autonomous organization) experienced some drama, with a veteran delegate leaving and expressing concerns in a manifesto in May 2025.
- Despite the uncertainty surrounding the Uniswap Foundation, UNI still managed to match Bitcoin's price gains at the end of its 30-day moving average.
- The cryptocurrency market, including Bitcoin and Ethereum, is known for its swift movements, often outpacing traditional stock markets like the NYSE and Nasdaq.
