Binance and Coinbase listing of Uniswap token sees the token moon 300%

Uniswap’s UNI token just released on the Ethereum main net. Soon after, Coinbase Pro and Binance announced its listing on their platforms. UNI’s market price soared through the roof (to the tune of 300 percent) post the news Source

Uniswap have endured lots of forks recently, the famous being Suchiswap with it's token SUSHI so I suppose it makes sense to tokenize Uniswap. With the launch of Uniswap UNI, the rate at which Binance and Coinbase have listed the tokens have gotten the crypto community questioning how fast it took both exchanges listed.

While I remain a spectator of Uniswap DEX, the DEX itself have been a major host of DeFi with all the liquidity and staking going on there. It looks like a token that has room to surge above $10 while currently trading at $2.96 at the time of writing this post according to Coingecko

If anyone watching seriously doesn’t understand what you’re seeing with this listing, the recent Binance listings 🍣 🌭 etc... it’s fear. They would not do this if they weren’t fearful af. Free stuff coming from every direction, CEX’s trying real hard to stay relevant.

— Joey Rocket Cryptos ₿ 🚀🌛 (@TeamJoeyRocket) September 17, 2020

It is becoming rather scary to pick up some of these tokens even being listed on the very big exchanges in the cryptosphere, I used Bittrex mostly and often ask myself why it doesn't list coins/tokens as fast as Binance.

You've ignored $hive for so long but you're listing this? Make it make sense

— They call me belemo (@belemo__) September 17, 2020

Above is our very own HIVE community member's @belemo response to Coinbase's tweet.
Is greed from centralized exchanges playing a part here, probably. Hopefully we get to see more DEXs in the future with less risk of use and complications.
As for UNI I feel tempted to pick up some and sell for profit but I will rather be a spectator on this one.

Cheers

We owe it to ourselves to make Hive great

Image by @doze