Uniswap (UNI)

A major catalyst, and the price fell anyway: Around August 14, Uniswap's long-debated "fee switch" was reportedly activated and roughly 100 million UNI tokens were removed from supply — a landmark tokenomics event years in the making. In the same window, UNI fell 18–20%. This is a genuine divergence worth understanding rather than assuming the positive structural news should have produced a rally; see 90-Day Price Behavior and Things Worth Weighing below.