Uniswap price falls despite Standard Chartered’s bullish $100 forecast

Uniswap price has fallen 3.99% to $6.73 on October 30 after the attacker behind the Binance hack reportedly sold 7.02 million UNI tokens worth $39.63 million, adding to selling pressure across the cryptocurrency market. Uniswap fell 3.99% to $6.73 on October 30, leaving UNI down 23.48% over the past month. Lookonchain reported that the Binance attacker sold 7.02 million UNI for $39.63 million. The attacker converted seven stolen altcoins into 70,480 ETH worth $158.25 million. Standard Chartered's Geoffrey Kendrick sees a possible long-term benefit for decentralized exchanges despite the sell-off. UNI faces support around 6.25–6.50, while $7.00 and $7.50 remain important resistance levels. According to blockchain analytics platform Lookonchain, the attacker converted the stolen UNI into Ethereum at an average price of $5.65 per token.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to crypto.news.