Uniswap’s native token, UNI#Uniswap’s , saw a sharp 6% decline recently as major institutions reportedly offloaded over $82 million worth of the cryptocurrency. This significant move came alongside a surge in exchange deposits, which many analysts interpret as a sign of growing bearish pressure.
The sudden sell-off has pushed UNI $UNI below key support levels, adding to concerns amid an already volatile crypto market. However, despite the recent dip, UNI$UNI remains up approximately 20% over the past month – a signal that longer-term interest in the token hasn’t fully faded.
While the current trend may reflect short-term uncertainty, investors are keeping a close watch on how UNI$UNI performs in the coming weeks, especially with broader market conditions continuing to shift rapidly.
