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Binance UNI reserves drop to 72.9 million as Uniswap token slips 0.6%
Binance's holdings of Uniswap's UNI token decreased to 72.9 million, according to TokenPost. The decline occurred while UNI's price stayed below its October 5 close. On the October 18 trading snapshot, UNI slipped 0.60%, with technical indicators showing no clear reversal signal. Ambcrypto noted that rising inflows raise distribution concerns. The combination of falling Binance reserves and Grayscale's continued UNI exposure suggests a mixed outlook for the token.