UNI Token Slides 21.5% From June Highs Amid Market Volatility, Trading Volume Nears $700 Million

Uniswap (UNI) is currently trading at $6.840 on Binance, reflecting a 4.35% decline over the past 24 hours from a 24h open of $7.151. The recent price drop is primarily attributed to a sharp market correction following UNI’s rally earlier in June, where the token surged over 70% from its April lows and broke key resistance levels. After reaching a high of $8.68, profit-taking and increased market volatility contributed to the pullback, as highlighted by a 21.5% decline from June highs. Despite the short-term bearish sentiment, UNI maintains strong trading activity with a 24-hour volume between $628.96 million and $696.5 million, and a market cap of approximately $4.29 billion. The launch of the Web3SOC security and governance framework by Uniswap Labs and partners may support long-term institutional confidence, but recent price action is driven by technical corrections and broader market volatility.