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News Explorer — Uniswap's UNI Token Price Falls 9% After SEC Issues Wells Notice

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Apr 10, 7:34 pm
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Uniswap's UNI Token Price Falls 9% After SEC Issues Wells Notice

Following news of a Wells notice from the Securities and Exchange Commission (SEC), the price of Uniswap's UNI token dropped by 9% within an hour, trading at $10.15. The token, ranked 20th in terms of market cap at $7.6 billion, has experienced a drop of around 11% in the past 24 hours. Uniswap, a decentralized exchange platform, has been under investigation by the SEC for alleged sale of unregistered securities.

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