Uniswap Plunges 3.24% Amid $80k in Short Liquidations

Uniswap's price took a hit on September 29th, falling by 3.24% in one hour to reach $8.98 at 5:23 AM ET (09:23 UTC). This decline came after the token had been up 0.79% over the previous 24 hours. The sharp drop was accompanied by significant short liquidations, totaling $80,000 across major exchanges Binance, Bybit, and OKX during the same hour. In contrast, long liquidations were minimal at $0.

The quoted price was taken from Binance's spot UNI/USDT market. Despite this brief downturn, Uniswap remains in a relatively stable position following its recent performance.