UMA Token Soars 20% as Polymarket and X Partnership Drives $216M Trading Surge

UMAUSDT experienced a significant price increase of approximately 20.15% over the past 24 hours, with the current price at $1.640 (Binance data). The surge in price and trading volume is primarily attributed to the announcement of a partnership between Polymarket and X, which led to a 500% increase in UMAUSDT trading activity between June 8 and June 9, 2025. This development positioned UMAUSDT among the top gainers on Binance during the period. Market data shows strong bullish momentum, with UMA’s trading volume exceeding $216 million and a market capitalization around $145 million. The asset outperformed the broader market over the past week, but traders are closely watching support levels between $1.60 and $1.40 to gauge the sustainability of the recent rally.