Uniswap's UNI Token Drops 11.3% Amid Mounting Selling Pressure
Uniswap's UNI token fell by 11.3% on September 9, 2026, as a surge in token burns and heightened trading activity failed to counter mounting selling pressure.
The decline is supported by strong technical momentum indicators, with UNI/USD remaining above major moving averages but pausing below key resistance amid persistent volatility.
According to founder Hayden Adams, the 7-day annualized token burn rate has surpassed $250 million, up from around $200 million previously. This increase in burns was attributed to heightened trading activity on the Uniswap platform, as the protocol's fee structure continues to contribute to token removal from circulation.
UNI/USD trades with strong bullish momentum above major moving averages, forecast to fluctuate between $5.3825 and $7.435 over five days.