UNI’s 6-Year Wallet Spike May Not Mean What It Looks Like

Crypto Insight Summary: Uniswap (UNI) has slipped back below $7 after briefly recovering above it this week. The token now sits under the level Santiment called key, just as new UNI addresses reached a 6-year high. UNI trades at $6.98, down 2.35% over the past 24 hours, according to BeInCrypto Markets data. Its next move may depend on Crypto Insight Analysis: Direction: Bearish UNI Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: UNI's price weakness is token-specific, while the wallet spike may reflect distribution rather than demand.