Markets
Share this article

Uniswap's UNI Slides 8% Despite Upgrade Optimism

Despite heavy selling pressure, whale interest and Uniswap v4 developments suggest investors are still paying attention to the protocol’s long-term potential.

By AI Boost|Edited by Aoyon Ashraf
Updated May 31, 2025, 3:46 p.m. Published May 30, 2025, 9:46 a.m. 1 min read
Uniswap (UNI) price drops nearly 8% in 24 hours, hitting a low of $6.4191 amid heightened volatility and sharp sell-off near midnight
Uniswap's UNI token fell 7.98% on May 30, 2025, with the steepest drop occurring just after midnight as bearish sentiment overpowered brief recovery attempts.

What to know:

  • UNI plunged by over 8% in just one day, indicating high volatility and bearish sentiment.
  • Broader market trends and investor reactions to Uniswap v4 developments influenced the price changes.
  • Significant bullish activity was temporarily observed, driven by increased interest in Uniswap's innovative features.

In the past 24 hours, Uniswap's native token UNI experienced a marked decline due to volatile market conditions. The price movement from $7.119 to $6.532 indicates substantial downward pressure, amplified by macroeconomic factors like overall market bearish trends and investor sentiment.

At the same time, microeconomic elements, including Uniswap's latest protocol advancements and strategic interest from crypto whales, provide counterbalancing support points, potentially staving off further price declines.

Despite the dip, long-term confidence might build as Uniswap gains traction with its latest innovations, suggesting strategic investor consideration.

Technical Analysis Highlights

  • UNI price plummeted from $7.119 to $6.532 in 24 hours.
  • Intermediate support was found at $6.40, buoyed by significant trading volumes, according to CoinDesk Research's technical analysis data model.
  • The price attempted recovery reaching a high of $6.595 but stabilized at $6.522 by 08:00.
  • Consistent lower highs noted throughout the session, suggesting continued bearish sentiment.

External References

AI Market InsightsTechnical AnalysisUniswap
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

Bitcoin pinned below $73,000 despite potential U.S.-Iran deal news

By Krisztian Sandor, Helene Braun|Edited by Stephen Alpher
1 hour ago
Donald Trump points at the audience during a press conference at the White House.

U.S. stocks and bonds, and the oil market are reacting positively to yet another purported peace agreement, but crypto markets remain under heavy pressure.

What to know:

  • Markets reacted to a reported draft deal and recent U.S. airstrikes near the Strait of Hormuz by pushing stocks and bonds higher and oil lower, while bitcoin continued to slide.
  • The Fed’s preferred inflation gauge, the PCE index, rose to 3.8 percent in April, its highest level since 2023, intensifying...
Read full story