UNI Token Sees 4% Dip After June Surge, Uniswap V4 Launch and Regulatory Support Drive Volatility

Uniswap's UNI token experienced significant volatility in the past 24 hours, with the price currently at $7.909 on Binance, reflecting a 4.01% decline from the 24-hour open of $8.239. The recent price action follows a surge earlier in June, driven by the launch of Uniswap V4 with new protocol features and a supportive shift in U.S. DeFi regulation, including SEC statements favoring innovation and self-custody rights. These developments initially boosted UNI above $8.40 and contributed to a broader market rally and increased trading activity. However, after reaching new highs, the token has faced profit-taking and short-term pullbacks, leading to the current price retracement. UNI remains actively traded with robust volume, a market capitalization near $4.8 billion, and a circulating supply of approximately 600 million, ranking it #21 among cryptocurrencies.