UNI (Uniswap) fell 8.15% in the last 24 hours.

Gate News Bot news, July 2, according to CoinMarketCap data, as of the time of publication, UNI (Uniswap) is currently priced at 6.58 USD, having fallen by 8.15% in the last 24 hours, with a high of 7.49 USD and a low of 6.53 USD. The 24-hour volume reached 369 million USD. The current market capitalization is approximately 4.137 billion USD, a decrease of about 367 million USD compared to yesterday.

Important recent news about UNI:

1️⃣ UNI price falls below the $7 mark The price of UNI has experienced a significant fall, breaking below the key support level of 7 dollars, with a drop of over 8% in the last 24 hours. This trend reflects the market's concerns about UNI's short-term outlook, which may lead investors to further wait and see or reduce their holdings.

2️⃣ Uniswap front-end trading fee revenue exceeds $157 million As of June 29, Uniswap's front-end trading fees (revenue) have reached $157.23 million. This data reflects the continuous growth and user activity of Uniswap as a decentralized exchange, providing strong support for the healthy development of its ecosystem. However, this good news seems unable to offset the current falling pressure.

3️⃣ Institutional investors show increased interest in UNI Recently, there have been large amounts of UNI withdrawn from exchanges, including a newly created wallet that withdrew 728,162 UNI, worth about 5.16 million USD. Additionally, a large investor who previously suffered losses from high selling and low buying operations has withdrawn 367,463 UNI from the exchange, worth about 2.57 million USD. These trends indicate that institutional investors' confidence in the long-term holding of UNI is increasing, but it may not be able to stop the price decline trend in the short term.

From a technical perspective, after the UNI price fell below the 7 USD support level, it may face further adjustment pressure in the short term. Investors need to closely monitor the performance of the next support level around 6.5 USD, as well as changes in overall market sentiment.

This message does not constitute investment advice; investors should be aware of market volatility risks.