Unicoin sues Uniswap over UNI trademark rights
Uniswap (UNI)
Editor:
Eugene Serbin
Tradersunion.com reports that TransparentBusiness, operating as Unicoin, has filed a lawsuit against Uniswap Labs in the U.S. District Court for the Southern District of New York. Unicoin seeks a declaration that its use of the UNICOIN name does not infringe on Uniswap’s rights to the UNI, UNISWAP, and UNICHAIN trademarks. The company is also asking the court to cancel Uniswap’s U.S. trademark registration for UNI.
Additionally, Unicoin claims that its unicoin.com and unicoin.org domains do not violate the federal Anti-Cybersquatting Consumer Protection Act. Uniswap previously sent three demand letters on June 3, July 17, and August 14, accusing Unicoin of trademark infringement, dilution, cybersquatting, and unfair competition. Uniswap demanded that Unicoin stop using UNI-based marks, transfer its domains, disclose revenue figures, and reimburse legal costs.
Unicoin rejected these demands and is now seeking a court ruling confirming its brand does not violate Uniswap’s rights. The legal dispute began shortly before Unicoin’s scheduled UNCN token launch on September 28. At the time of the filing, Uniswap ranked first among decentralized exchanges by daily trading volume. According to DeFiLlama, that volume exceeded $3.9 billion.
How the market reacted
Whalio's own Binance spot order flow for UNI, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Whalio’s spot data for UNI shows a price of $6.16 with a 24-hour buy ratio of 45.3%, indicating a near-even split in trading pressure. The 1-hour buy ratio dropped to 35.8%, suggesting immediate selling pressure, while the 4-hour ratio sits at 52.7%, showing slightly more buying over a longer timeframe. Volume Delta reflects this divergence, with a negative -$646,682 in the last hour but a positive +$466,773 over four hours. Over 24 hours, the Volume Delta is -$5,145,799, and the Cumulative Volume Delta (CVD) closed at -$4,029,554, indicating net selling pressure. Buying pressure appears to be fading in the short term, as the 1-hour ratio is significantly lower than the 24-hour average. The market has executed 282,197 trades with a total spot volume of $55,200,133 in the last day.
The latest daily buy ratio of 45.7% sits at the 13th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for UNI, averaged over the days leading up to the story.
Over the preceding week, UNI experienced a 5.2% price increase with a total Volume Delta of +$4,997,647. The 7-day average buy ratio was 50.6%, which is slightly higher than the current 24-hour ratio of 45.3%. Trading volume over the last day was 0.71x the weekly average, indicating a quieter trading day than usual. Net buying occurred on 4 of the past 7 days, showing intermittent bullish sentiment. This suggests that today’s lower volume and reduced buy ratio represent a pause in the preceding week's activity rather than a sharp reversal.