Uniswap Down More Than 13% Within 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap (UNI) has experienced a significant price drop of 13.33% within the last 24 hours, falling to $9.52. This contrasts with its positive trend over the past week, where it gained 4.0%. Trading volume has decreased by 14.0%, while circulating supply increased by 0.8%.
June 18, 2024 | 3:03 pm
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NEGATIVE IMPACT
Uniswap (UNI) has seen a sharp decline of 13.33% in its price within the last 24 hours, dropping to $9.52. This is a significant reversal from its 4.0% gain over the past week. The trading volume has also decreased by 14.0%, while the circulating supply has increased by 0.8%.
The sharp decline in Uniswap's price within a short period indicates a potential negative sentiment among investors. The decrease in trading volume further supports this bearish outlook. The increase in circulating supply could also contribute to downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100