a16z holds 64 million UNI, accounting for 6.4% of the total supply, which has a decisive impact on voting

ChainCatcher news, monitored by Lookonchain, reports that due to Uniswap's latest proposal, the price of UNI skyrocketed from $7.15 to a high of $12.77 (+79%).

It is worth noting that a16z holds 64 million UNI ($720 million, accounting for 6.4% of the total supply), which has a decisive impact on voting, as 4% of the UNI supply voting "in favor" is enough to reach a quorum. a16z received 64 million UNI ($720 million) from the Uniswap team/investors/advisors' wallet and transferred it to 31 wallets. These wallets can sway the outcome of governance votes.