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Uniswap price drops as Binance hacker sells $39.63 million of UNI

Uniswap’s price fell after a Binance hacker began selling approximately $39.63 million worth of UNI tokens. The price decline occurred despite Standard Chartered issuing a bullish forecast that UNI could reach $100 in the long term. The report highlights the impact of the hack on market sentiment for the decentralized exchange token. No further details about the hack or subsequent market movements were provided.

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