Uniswap's (UNI) price witnessed a double-fold crash in the past week after it received a Wells notice from the SEC and later due to the general crypto market crash over the weekend.
Uniswap nears $3 billion in daily trading volume despite Wells notice and fee hike Uniswap's price witnessed a double-fold crash in the past week after it received a Wells notice from the SEC and later due to the general crypto market crash over the weekend. In the past week, UNI has decreased more than 38%.
The event, which adds tokens to the project’s circulating supply without increasing demand, leaves an effective imbalance in favor of supply. The Arbitrum network is among the projects lined up for cliff token unlocks this week, meaning traders must brace for volatility. Ethereum recovers from dip as Hong Kong ETH ETF approval sparks whale buying spree Ethereum's price slightly improved on Monday after Hong Kong approved applications for a spot Bitcoin and Ethereum ETF.
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