Uniswap Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap (UNI) has experienced a 4.79% price drop in the past 24 hours, continuing a week-long decline of 4.0%. Trading volume has decreased by 37.0% over the past week, while circulating supply has slightly increased. The current market cap is $5.58 billion, ranking UNI at #20.
July 30, 2024 | 7:02 pm
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NEGATIVE IMPACT
Uniswap (UNI) has seen a 4.79% price drop in the past 24 hours, continuing a week-long decline of 4.0%. Trading volume has decreased by 37.0% over the past week, while circulating supply has slightly increased. The current market cap is $5.58 billion, ranking UNI at #20.
The significant price drop and decrease in trading volume indicate a bearish trend for Uniswap in the short term. The slight increase in circulating supply adds to the selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100