Union Token’s Value Drops Amid Market Volatility

NEW YORK, NY — The price of Union Token (U) fell sharply by 33.54% in the last 24 hours, marking a significant decline in a volatile cryptocurrency market. As of September 2, 2025, the token trades at $0.011323. The trading volume over the past day reached approximately $7.8 million, indicating heightened activity among investors.

Union Token’s market cap currently sits at about $21.7 million, with a circulating supply of 1.91 billion U coins out of a maximum supply of 10 billion. Despite the recent downturn, the Union team, composed of engineers from various blockchain projects, continues to evolve the token’s functionalities. The three main functions of U within its ecosystem include serving as a gas token, ensuring network security, and facilitating crosschain governance.

The token was launched in April 2023 by a team led by CEO Karel and CTO Cor, who previously contributed to significant blockchain developments such as CosmWasm. Their aim is to provide a robust decentralized platform that enhances user engagement and security.

The significant drop in Union’s price contrasts with broader market trends, with many cryptocurrencies experiencing gains. As the market shows signs of recovery, stakeholders will be closely watching Union’s performance in the coming days.

For those looking to invest in Union Token, it’s important to be aware of its volatility and the potential risks associated with trading in this sector. Comprehensive research is advisable before making any investment decisions.