Global Stock News

Wall Street Is About to Get Uniswap Futures. Why Is UNI Down 21% in Two Weeks?

Wall Street Is About to Get Uniswap Futures. Why Is UNI Down 21% in Two Weeks?

Quick Read

  • UNI surged 121% in two months before CME’s announcement, making a 21% ‘sell the news’ drop inevitable as early buyers locked in profits.

  • CryptoQuant analyst Darkfost confirmed UNI entered a distribution phase, with rising Binance inflows showing holders selling tokens ahead of the October 19 launch.

  • The CME futures launch may deepen UNI’s slide by enabling short-selling; $6.74 is the key support level and $9.08 signals new buyer interest.

  • Finally! You can open a SoFi Crypto account and access 25 plus cryptocurrencies without juggling apps or logins.

The CME Group (NASDAQ:CME), a major Chicago derivatives exchange, is planning to list Uniswap futures on October 19,…

Source link

Share this article

Scroll to Top