Binance-Held Uniswap (UNI) Reserves Fall to 72.9 Million as Price Remains Lower

Binance-held Uniswap (UNI) reserves fell to about 72.9 million after a decline that began after Oct. 10, while the token’s Oct. 17 close remained 21% below its Oct. 5 level. The balance tracks UNI in Binance addresses; by itself, it does not explain why tokens moved or show that new buyers have arrived. UNI closed at $7.15 at 8 p.m. ET Oct. 17 (0000 UTC Oct. 18), compared with $9.08 at 8 p.m. ET Oct. 5 (0000 UTC Oct. 6). The difference is about $1.93 per token. Uniswap is a decentralized exchange where users swap tokens from their wallets, and UNI is its token. A falling exchange-address balance describes how much UNI is held at Binance.

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