UNI Token Drops 10.43% Amid Market Correction Despite Uniswap’s Web3SOC Partnership Launch

Uniswap (UNI) experienced a significant 24-hour price decline of 10.43%, with the current price at $6.767 (Binance), down from a 24h open of $7.555. This drop follows a period of heightened volatility, likely influenced by recent profit-taking after a multi-week rally and broader market corrections, despite positive sentiment from Uniswap Labs’ partnership with Morpho, Maple Finance, and others to launch the Web3SOC security and governance framework. Over the last day, UNI traded within a $6.93–$8.00 range, with a 24-hour trading volume between $125 million and $133 million and a market capitalization of approximately $4.37–$4.44 billion, ranking it 17th among cryptocurrencies. The recent price action reflects both short-term market corrections and ongoing institutional and technical developments in the Uniswap ecosystem.