UNI Token Surges on Uniswap Milestones, Then Retreats 9% as Trading Volume Hits $800M+

Uniswap’s UNI token saw a notable surge earlier this week, driven by the launch of smart wallet functionality for Uniswap Wallet users and record trading volumes exceeding $100 billion in May 2025, which fueled strong bullish sentiment and speculative activity. However, after reaching a three-month high near $8.67, UNI has experienced a pullback, with profit-taking and short-term market consolidation contributing to a 9.08% price decline over the last 24 hours; the current price on Binance is $7.233, with a 24-hour trading volume remaining high at over $800 million and open interest in derivatives at record levels, indicating sustained trader engagement despite recent volatility.