Uniswap Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap (UNI) has experienced a 4.83% price drop in the past 24 hours, continuing a week-long decline of 8.0%. Trading volume has also decreased by 11.0%, with the circulating supply down by 0.44%. The current market cap for UNI is $6.75 billion, ranking it #19.
June 28, 2024 | 7:01 pm
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NEGATIVE IMPACT
Uniswap (UNI) has seen a 4.83% price drop in the past 24 hours, continuing a week-long decline of 8.0%. Trading volume has decreased by 11.0%, and the circulating supply is down by 0.44%. The current market cap is $6.75 billion, ranking it #19.
The significant price drop and decrease in trading volume indicate a bearish trend for Uniswap. The decline in circulating supply also suggests reduced market activity. These factors combined are likely to negatively impact the short-term price of UNI.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100