UNI Token Holds 21% Weekly Gain Despite 5% Dip Amid High Volatility and $859M Trading Volume

Uniswap’s UNI token experienced a 5% decline over the past 24 hours, opening at $7.904 and currently trading at $7.509 on Binance. The price drop is primarily attributed to heightened market volatility and profit-taking following a period of strong performance earlier in the week, which was driven by record trading volumes, increased protocol revenue, and optimism surrounding regulatory developments and the launch of Unichain. Despite the recent correction, trading activity remains robust, with a 24-hour volume of approximately $859 million, and UNI is still up about 21% compared to one week ago, reflecting sustained investor interest and positive momentum in the broader DeFi sector.