The price of Uniswap's governance token, $UNI, surged by more than 20% on March 6, reaching a 26-month high as the total altcoin market cap exceeded $310 billion for the first time since April 2022. This increase came ahead of a vote on a token reward proposal that suggests distributing protocol revenues with token holders, which has received overwhelming support. Uniswap, known for processing over $1.2 billion in fees over the past year, could see substantial revenue once a portion of those fees starts going to the protocol. A wallet associated with Uniswap's team, investors, or advisors sold 41,000 $UNI ($608K) after the price increase and had previously sold 43,000 $UNI ($485K) on February 14, following a price increase. Despite these sales, the wallet still holds a significant amount of $UNI. The proposal's support was confirmed by a 'temperature check' to gauge community sentiment, which showed widespread backing in a Snapshot voting session.