Bitway surged 13.6% to $0.3030, leading the gainers, while Uniswap dropped 6.9% to $3.22, topping the losers list.
Cumberland linked wallet offloaded 2.5 million UNI worth $8.73 million.
Uniswap price has fallen nearly 20% over the past seven days to $3.23 as a head-and-shoulders breakdown, weak capital flows, and cascading long liquidations intensified selling pressure. Uniswap price extends its breakdown toward $3.20 According to data from crypto.
When Geoffrey Kendrick of Standard Chartered published his $100 UNI price projection in June, he anticipated a 37x surge by 2030 fueled by decentralized finance expansion. Six weeks have passed, and his perspective has shifted — not because the forecast was incorrect, but because it might actually be too modest.
Will UNI really hit $100 as RWA bet starts to play out?
Uniswap's accelerated token burn, driven by Robinhood Chain's integration, could significantly enhance UNI's scarcity and market value. Standard Chartered says $100 UNI target may be too low as Robinhood Chain burns accelerate.
Uniswap declined 10%, breaching the $3.9 support level to a three-week low of $3.4.
Uniswap's fee redirection to a buyback-and-burn program could enhance UNI's scarcity, potentially increasing its value and investor appeal. Uniswap redirects creator fees on test tokens to buyback and burn program.
Uniswap's transparency initiative could set a new standard for financial openness in decentralized finance, influencing industry practices. Uniswap launches public dashboard tracking financials, volume, and liquidity.
Bitway leads gainers with a 5.6% rise, while Uniswap tops the losers, dropping 4.8%.
The UNI price just did something that had not happened in years, it slipped below $3, hunted liquidity and then recovered above the 200 day EMA band. That matters because a similar move in 2020 preceded a spectacular 2021 rally that eventually pushed UNI to $44.
Uniswap's dominance on Robinhood Chain highlights the growing influence of DeFi in traditional finance, raising regulatory and competitive stakes. Uniswap V4 dominates tokenized stock deposits on Robinhood Chain.