Kangamoon presale nears 7M as Uniswap (UNI) price jumps on response to SEC’s Wells Notice
The robust rebuttal from Uniswap against the SEC’s allegations has sent shockwaves through the crypto market. The price of Uniswap (UNI) surged to a high of $9.67 following the news of the tough response. As UNI price rises, another new altcoin Kangamoon (KANG) is also making waves as its presale nears $7M. The Uniswap (UNI) price is soaring following Uniswap Labs’ formidable response to the SEC’s Wells Notice. Although the token has slightly pulled back, it surged by more than 30% immediately after the news of the response broke. The response has not only bolstered investor confidence in the decentralized finance (DeFi) sector but also ignited positive sentiment for other altcoins, notably Kangamoon (KANG), which is currently in the midst of its presale. The 40-page response to SEC’s Wells Notice Uniswap Labs filed a comprehensive 40-page response to the SEC’s Wells Notice, vehemently contesting the agency’s claims th...