Uniswap Pulls Back Amid Concerns Over Malicious Hooks

Uniswap (UNI) is experiencing a modest pullback after an almost 88.66% monthly rally, with a price drop of about 3.76% over 24 hours.

This move needs to be considered in the context of both the broader market and Uniswap's own recent performance.

The total crypto market cap slipped about 0.99% over the last 24 hours, while the altcoin market cap was roughly flat, indicating a mildly risk-off or consolidating tape rather than a crash.

Uniswap v4 hooks have been identified as a UNI-specific headwind, with research from 0x suggesting that about 54.2% of Uniswap v4 hooks are 'malicious' and another 26.4% are 'likely malicious'. This could potentially lead to trades being routed through bad hooks, delivering up to 50% less than quoted.