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Uniswap (UNI) drops 11% amid FOMC minutes anticipation and lower October fees.

Market News
07 Oct 2026
FXEmpire
View Source
Bearish
Uniswap (UNI) drops 11% amid FOMC minutes anticipation and lower October fees.

Uniswap (UNI) fell 11% following a strong rally to nearly $11, driven by record fee collections and user growth on the Robinhood Chain. The drop comes as traders react to the upcoming Federal Reserve FOMC minutes, with market uncertainty around interest rate hikes causing sell-offs. September saw an 85% fee increase to $203 million, but October's slower start with $25 million in fees signals a potential correction. Technical analysis suggests UNI could fall below $7 before buyers step back in, with momentum turning bearish and further declines possible until liquidity returns post-FOMC release.

As of Oct 08, 2026 01:05 WIB, Uniswap (UNI) trades at Rp140.188 on Pluang, down 9.08% in the last day. Despite the recent fee growth noted in the article, Pluang data shows a strong buy interest with 73% of orders favoring purchases and a typical hold time of 65 days. The market cap stands at Rp88,19 trillion, reflecting significant investor engagement amid the current volatility.

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