After a strong 34-day rally from early November to December 8 last year, Uniswap’s UNI token has been on a slow five-month correction—trading largely in step with other mid-cap cryptocurrencies.
But the dip may not have been about UNI itself. From February through March, macro pressures like the so-called “Trump shock,” tax-season profit-taking, and overall market de-risking sent risk assets lower. Uniswap was simply swept up in the broader tide.
UNI Outperforms Bitcoin in 48 Hours
Despite its multi-month decline, UNI just made a powerful comeback. In the last 48 hours, UNI surged from $4.80 to $6.30, a 31% spike that flipped its 30-day chart green—right on par with Bitcoin’s 33% monthly climb.
If UNI hadn’t posted that sudden breakout, it would’ve ended the month in the red, raising questions about whether traders might be rotating back into promising altcoins.
DAO Drama Sparks Uniswap News FUD
The sharp rebound came even as Uniswap Foundation faced FUD (fear, uncertainty, and doubt) tied to internal governance drama. On May 5, a long-standing DAO delegate named Pepo publicly resigned, citing vague frustrations with how the organization is being run.
Their public exit post praised individual actors in the governance process while subtly criticizing the Foundation’s broader direction.
“There are people in this governance who continue to act with clarity, integrity, and grit—not because it’s rewarded, but because it’s right,” Pepo wrote.
The Uniswap Foundation responded the following day, stating:
“[Uniswap is] the only major Protocol Foundation that is funded through the express approval of delegates.”
Buying Opportunity or Warning Sign?
Despite the noise, traders didn’t punish UNI—they pushed it higher. In fact, UNI matched Bitcoin’s performance over the past month and posted one of the most impressive short-term rallies in the top 50 altcoins.
So, with Uniswap news FUD shaking the market, is this just a temporary bounce—or a true buy-the-dip opportunity for value seekers in the altcoin space?
If the market is shrugging off the governance controversy and rewarding the fundamentals, UNI could be positioning itself as one of the stronger performers heading into the summer.
