Uniswap Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap (UNI) has seen a 5.57% price drop in the past 24 hours, despite a 43% increase over the past week. Trading volume has surged 127% in the same period, with the circulating supply increasing slightly to 753.77 million. Uniswap's market cap is currently $8.24 billion, ranking it #20.
May 27, 2024 | 3:02 pm
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Uniswap (UNI) has experienced a 5.57% price drop in the past 24 hours, despite a strong 43% increase over the past week. Trading volume has surged 127%, indicating heightened market activity.
The significant drop in Uniswap's price over the past 24 hours, despite a strong weekly performance, suggests short-term volatility and potential profit-taking by investors. The surge in trading volume indicates increased market activity, which could lead to further price fluctuations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100