Uniswap price falls despite Standard Chartered’s bullish $100 forecast

Uniswap's UNI token is falling even as Standard Chartered issues a bullish $100 long-term forecast for the decentralized exchange. The decline comes as the Binance hacker offloaded $39.63 million worth of UNI, creating near-term selling pressure. Traders are weighing the large hacker-linked supply overhang against the bank's optimistic DEX outlook.