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UNI Price Drops 10% Amid Heavy Trading Volume and Token Inflow

Guavy AI Editorial Team
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UNI
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Uniswap's governance token UNI dropped 10.03% to $5.71 in an intraday sell-off driven by heavy trading volume.

A large inflow of 3.28 million UNI tokens to exchanges the previous day likely triggered the sell pressure, despite a net outflow of tokens from exchanges today suggesting some accumulation.

The token's supply is highly concentrated in a few large wallets, limiting broad retail influence and making price direction dependent on these holders.

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