Uniswap ($UNI ) has seen a notable 6% drop as institutions reportedly offloaded $82 million worth of the token, indicating a potential shift in market sentiment. The large-scale exchange deposits suggest increased selling pressure, often interpreted as a bearish signal. Despite this recent downturn, UNI remains up about 20% over the past month, reflecting strong prior momentum.

The recent price drop also coincides with UNI breaking key support levels, which could lead to further downside if market volatility continues. However, long-term holders may still view the broader monthly uptrend as a sign of resilience.