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Analyst:UNI Exchange inflows hit a yearly high, putting price under pressure as it enters a distribution phase

PANews October 17 reported that crypto analyst Darkfost wrote that Uniswap token UNI has performed strongly since the start of the year,TVL reaching September a yearly high (exceeding 4000000000 USD),DEX Trading volume also reached a 93600000000 USD peak. The price rose by as much as June from its low. However, due to an increase in the number of tokens flowing into exchanges, 370%is currently in a token distribution phase.UNI Binance On UNI inflows reached their highest level of the year,September in late Z-score they exceeded 4 multiple times, with daily inflows surpassing 40000000 USD. Although the inflow momentum appears to have weakened, overall inflows remain quite active. If inflows continue to decline,UNI may be poised to bottom out, ending a correction of more than 10.9 USD since the recent high 30%.

Source: https://www.panewslab.com/zh/articles/01a148f3-d9ec-7736-9a3a-be100a1a3467