Uniswap
Why Uniswap is down 8.4% today
Analysis
Uniswap (UNI) fell 8.4% over the past 24 hours even as Bitwise took an early regulatory step by registering a Uniswap ETF trust, a move that signals potential future filing but does not guarantee approval or near-term inflows. The decline likely reflects traders treating the news as preliminary and insufficient to offset broader selling pressure in the token.
Contributing Factors (1)
Bitwise Registers Uniswap ETF Trust in Early Step Toward Potential Filing
The filing comes after regulators closed their probe into Uniswap Labs, shifting attention from enforcement toward questions over liquidity.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.