UNI Token Slides 5.45% After 100 Million Burn and Fee Collection Amid Uniswap UNIfication

UNIUSDT experienced a 5.45% price decrease over the last 24 hours, currently trading at $5.764 on Binance. The drop follows the announcement and upcoming implementation of the Uniswap "UNIfication" proposal, which involves burning 100 million UNI tokens and activating protocol fee collection, sparking mixed market sentiment and volatility. The 24-hour trading volume declined significantly, reflecting reduced market activity amid the governance event and margin trading pair adjustments, while market capitalization remains above $3.6 billion.