According to PANews, market data showed that UNI briefly fell below $9.5 and is now trading at $9.599, with a 24-hour drop of 14.26%.
Earlier news, the U.S. SEC issued a Wells Notice to Uniswap. It is reported that the "Wells Notice" is an informal reminder issued by the U.S. SEC to U.S. listed companies before civil litigation. Listed companies that receive the notice can communicate and negotiate with the SEC before receiving the formal litigation.
