Uniswap Token Price Dives Amid Weak Demand and Rising Burn Rate

Uniswap's token price has dropped by 12.9% over the last 24 hours, trading at $6.037.

The decline has positioned Uniswap below its short- and medium-term moving averages while remaining above its long-term average.

The accelerated UNI burn rate climbed above $250 million per year, a notable increase from about $200 million days earlier.

Despite the introduction of new v4 features for liquidity hook builders, aiming to improve developer participation and liquidity pool efficiency, price action has remained under selling pressure.

The technical indicators are persistently weak, with MACD and ADX set to Sell on the hourly chart, while RSI is deeply oversold at 26.04.