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Many people expect the burn mechanism to bring a wave of upward movement for UNI. Theoretically, this is considered good news, but in reality, it has slapped us in the face—the price hasn't moved much, far less than the momentum that once pushed it directly to $10.
Honestly, the gap between expectations and reality has disappointed quite a few people. Some believe this positive development should stir up some waves, but the facts are right in front of us—the market's reaction is lukewarm.
However, there has been a bit of change in the past few days. Although it's not unique to UNI, it seems to be following the overall market with a gentle upward trend. Such correlated movements are quite common, after all, it's difficult for a single asset to operate completely independently of the overall market trend.