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DeFi Exchange in Tokens Sushi, Uniswap Plummet Amid Sideways Crypto Market

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As the broader crypto market struggles to find momentum for any meaningful bull action, DeFi tokens behind SushiSwap, Uniswap, and Synthetix have been hit hard over the past day, posting losses of more than 7%. SUSHI, the governance and staking token behind the eponymous decentralized exchange (DEX), has plunged as much as 9.7% over the past 24 hours. The token is now trading at $1.30, falling from yesterday’s high of $1.45, according to data from CoinGecko. The latest price action comes less than 48 hours after the Sushi app integrated a fiat on-ramp solution developed by ConsenSys-bac ...

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