The post Uniswap Price Drops Sharply Amid High Volatility, Raydium Overtakes Uniswap in DEX appeared on BitcoinEthereumNews.com.

Uniswap price action showed a sharp decline to $9.16, indicating sustained bearish momentum. High volatility has been evident since late 2024, with price fluctuations between $6.89 and $9.35 recently. Previously, UNI/USDT surged to $25 in late 2024 before losing momentum. The $10 support level was breached, leading to increased selling pressure. The short-term recovery at $9.16 may face resistance at $10 and $12. UNI/USDT daily chart | Source: Trading View If bearish momentum continues, a drop to $8 or $7.50 is likely. Long-term implications depend on broader market conditions. A sustained recovery above $12 could signal renewed bullish confidence, targeting $15 or higher in the coming months. Uniswap Gradual Token Distribution Uniswap’s token unlock schedule showed 450.06M UNI unlocked, representing 45.01% of total supply. Gradual distribution occurred among advisors, investors, the team, and the community since January 2022. Community tokens dominate, exceeding 300M UNI, while advisors and investors collectively account for over 200M UNI. The recent unlocks created downward pressure, contributing to UNI’s decline to $9.08. – Advertisement – UNI token unclocks and distribution | Source: CoinMarketCap Short-term implications suggest potential price instability as the market absorbs newly unlocked tokens. Long-term, broader distribution fosters decentralization and community engagement. Future unlocks could sustain selling pressure unless demand increases, targeting a recovery above $10. Sustainable growth depends on broader market trends and utility. RAY Surpasses UNI in DEX Volume after January Surge However, Raydium (RAY) surpassed Uniswap in DEX volume in January 2025, achieving over $600 Billion in total monthly trading volume. Uniswap accounted for approximately $150 Billion during the same period, reflecting slower growth compared to Raydium’s explosive surge. Pancakeswap also saw an increase but remained below Raydium and Uniswap in overall volume. The shift in volume indicated user preference for alternate decentralized exchanges offering competitive fees and liquidity. DEX Volumes:…

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Filed under: News - @ February 3, 2025 10:27 pm