Many people expect the burn mechanism to bring a wave of upward movement for UNI. Theoretically, this is considered good news, but in reality, it has slapped us in the face—the price hasn't moved much, far less than the momentum that once pushed it directly to $10.



Honestly, the gap between expectations and reality has disappointed quite a few people. Some believe this positive development should stir up some waves, but the facts are right in front of us—the market's reaction is lukewarm.

However, there has been a bit of change in the past few days. Although it's not unique to UNI, it seems to be following the overall market with a gentle upward trend. Such correlated movements are quite common, after all, it's difficult for a single asset to operate completely independently of the overall market trend.
UNI-1,08%
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DeadTrades_Walkingvip
· 12h ago
The destruction mechanism can't save UNI either, lol, it still depends on the market sentiment. This round is really just on paper good news; the market doesn't buy it at all. UNI is a bit awkward now, the hype traders are gone. Wait, does everyone really think that burning tokens can pump the price? That's too naive. Anyway, I don't see much hope for UNI in the short term; better to hold tight with BTC. When was the time it hit ten dollars? Feels like it was ages ago. Basically, the market sentiment has changed; no matter how much good news there is for the coin, it doesn't help. UNI might as well just go with the market and lie flat, at least it's less stressful.
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FarmToRichesvip
· 12h ago
The destruction mechanism sounds great in theory, but when it actually happens, it's just like that. When the market is at a high point driven by hype, it gets forcibly flattened, which is a bit uncomfortable. But to be fair, UNI's correlation with the overall market is also standard practice, so don't expect it to move independently.
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MoneyBurnervip
· 12h ago
Is the destruction mechanism just air again? It seems we need to wait until on-chain data is truly imprinted; just shouting slogans won't move the market at all. Really? That's why I never bet on the positive outlook of a single coin. It's too easy to get proven wrong. I can only follow the market trend to arbitrage. If UNI doesn't hit a new high this wave, I'll consider building a position. The half-dead market is the most annoying. Destruction expectations vs. reality, it's always the same routine—big influencers hype it up, retail investors buy in. But it looks like there are some signs of mild upward movement? Then let's first observe the on-chain data, don't just look at the price.
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staking_grampsvip
· 12h ago
Is that all for the destruction mechanism? I thought it was going to take off. Wait, isn't this just riding the overall market up? UNI isn't doing much on its own. Expectations will never surpass reality; I should have gotten used to it long ago. It's the same old story, single coins can't stand alone; it's getting tiresome to hear. The real surge was when it hit ten dollars; now, with this sluggish pace, who’s interested? Good news is everywhere, but the market remains completely still—truly impressive. Basically, the market is just waiting for the next story.
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