UNI Token Rallies 4.35% Amid Anchorage Digital Integration, But On-Chain Data Signals Caution

Uniswap’s UNI token has experienced a 4.35% price increase over the last 24 hours, rising from 6.964 to 7.267 USDT according to Binance data. This short-term price recovery follows a period of significant decline, with UNI having dropped over 20% from its May peak amid broader altcoin market weakness and intensified competition from other decentralized exchanges such as PancakeSwap and Hyperliquid. The recent uptick may be partially attributed to technical trading factors, as well as institutional interest following Anchorage Digital’s integration of Uniswap trading. However, on-chain data indicates a bearish longer-term sentiment, with UNI balances on exchanges rising to 84.6 million and large holders reducing their positions, suggesting increased selling pressure.

Currently, UNI’s market capitalization stands between $4.37 billion and $4.59 billion, with a circulating supply of approximately 600 million to 628.74 million tokens. The 24-hour trading volume ranges from $341.63 million to $458.12 million, and the token traded between $6.88 and $7.42 in the last day. Uniswap remains a leading decentralized exchange on Ethereum, but its market share has declined relative to competitors, and ongoing bearish signals persist despite the recent price rebound.