Uniswap price tumbles, but UNI bulls refuse to back down: Here’s why

Uniswap’s current price decline reflects a 7.71% decrease within 24 hours and a total weekly drop of 11.297%. However, signs of recovery are emerging through increased liquidity and robust support from traders.

Uniswap surpassed Raydium with a TVL increase of 35 million USD, now reaching 4.959 billion USD. Spot traders accumulated 2.1 million UNI, valued at 12.28 million USD, providing stability against heavy selling by large holders.

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