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Uniswap (UNI) gains nearly 50% in 24 hours as China’s latest crypto purge boosts DEX tokens By Cointelegraph

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Uniswap (UNI) gains nearly 50% in 24 hours as China’s latest crypto purge boosts DEX tokens

Uniswap (UNI) prices staged a solid rebound after crashing last week in the wake of China’s decision to intensify its anti-Bitcoin (BTC) and cryptocurrency rhetoric.

UNI prices rose 14.90% Monday to $26.26 an intraday peak. UNI/USD’s climb came a day after it dropped to a monthly low of $17.63. In the last 24 hour, it generated 48% profits for dip buyers.

Uniswap liquidity pool diagram. Source: Uniswap Official Doc Page
Uniswap and SushiSwap (SUSHI) has led DEX gains in the previous 24 hours. Source: Messari
Centralized exchange tokens in the previous 24 hours. Source: Messari
UNI/USD daily price chart featuring the cup and handle pattern. Source: TradingView