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Uniswap burns 38,000 UNI tokens in 24 hours but price drops 8.4% amid weak market conditions

Protocol Fundamentals
07 Oct 2026
CryptoTicker
View Source
Bearish
Uniswap burns 38,000 UNI tokens in 24 hours but price drops 8.4% amid weak market conditions

In the past 24 hours, Uniswap burned 38,000 UNI tokens, permanently removing them from circulation through an automated fee-claiming process. Despite this deflationary mechanism, UNI's price fell sharply by 8.4%, reflecting broader market weakness and leveraged trading pressures rather than issues specific to Uniswap. The burn rate equates to about 2.2% of circulating supply annually, a gradual effect that influences long-term supply but cannot counter daily price volatility. Investors should note that the burn mechanism ties to protocol fees and fluctuates with trading volume, and tax implications exist for those claiming fees through token burns.

Uniswap's UNI token trades at Rp143.690 on Pluang as of Oct 07, 2026 16:52 WIB, down 8.98% in the last day. The market cap stands at Rp91,27 trillion with a 24-hour volume of Rp13,67 trillion. Pluang users show a 65% buy and 35% sell split, holding UNI typically for 65 days.

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