UNI Token Dips 4.9% After June Rally, Maintains Strong Fundamentals and $485M Trading Volume

Uniswap (UNI) experienced a 4.90% price decline over the past 24 hours, currently trading at $7.497 on Binance after opening at $7.883. The recent pullback follows a period of heightened volatility and a strong rally earlier in June, which saw UNI reach a new all-time high amid increased trading volumes and positive sentiment driven by record protocol revenue ($95 million in May) and a favorable regulatory outlook from the U.S. SEC regarding decentralized finance. Despite the daily decline, UNI maintains robust market activity, with a 24-hour trading volume of $485 million on Binance and a circulating supply of approximately 598.9 million tokens. The price drop is primarily attributed to profit-taking after the recent surge and broader market fluctuations, while UNI’s overall position remains supported by strong fundamentals and continued leadership in the decentralized exchange sector.