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Uniswap (UNI) Tanks 6.8% as CoinDesk 20 Stumbles—DeFi’s ’Blue Chips’ Not So Blue After All
Uniswap (UNI) Tanks 6.8% as CoinDesk 20 Stumbles—DeFi’s ’Blue Chips’ Not So Blue After All
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Another day, another crypto index bleeding out. The CoinDesk 20 took a hit today—with Uniswap’s UNI leading the nosedive at a brutal 6.8% drop. Guess even decentralized trading isn’t immune to gravity (or Wall Street’s mood swings).
DeFi’s poster child stumbles: UNI’s slump mirrors broader market jitters, proving once again that ’institutional adoption’ is just a fancy term for ’follow the whales.’
Silver lining? At least the traders avoiding Uniswap’s LP fees today are getting a discount on misery.
Leaders: XRP (+0.9%) and AVAX (-0.1%).
Laggards: UNI (-6.8%) and APT (-4.6%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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