UNI stuck near $7 after 21% slide from post-CME-futures peak
- —UNI trades near $7.12, down 5.73% in 24 hours
- —Down over 20% from the $10.22 peak hit after the CME futures announcement
- —CME UNI futures are cash-settled, the first for a DeFi token
- —Price sits below its 7-, 20- and 50-day SMAs and EMAs
Why it matters: CME futures give large funds a way to short UNI without borrowing tokens, adding persistent selling pressure.
Source: Blockmedia