Uniswap
Why Uniswap is down 1.2% in the last hour
Analysis
Uniswap (UNI) slipped 1.2% over the past hour likely as traders reacted to reports of a fake Uniswap website draining user wallets, an incident that can weigh on sentiment around the Uniswap brand even if it’s a third-party scam. CryptoPotato reported scammers stole roughly $400K via the spoofed site, which may have triggered short-term caution and selling pressure in UNI.
Contributing Factors (1)
Fake Uniswap Website Drains Crypto Wallets as Scammers Pocket $400K
Uniswap accounted for 41% of tracked malicious websites linked to crypto phishing campaigns uncovered by SEAL researchers in March.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.