Key Takeaways
Why is UNI’s buyback a big deal?
In the grand mystery of wealth, experts whisper that a supply crunch might be the secret weapon, pushing UNI’s price to heights that even the bravest doubted. Oh, the irony! 🚀
How did the market react to the update?
The community, ever cheerful and optimistic, thought it was a bull parade, while a few skeptics merely shrugged and yawned. Broader trends? Just your typical bullish excitement wrapped in a shiny package. 🥳
Uniswap, the grand platform of decentralized dreams, is now contemplating becoming deflationary. The team has submitted proposals-like a courter seeking favor-to switch protocols, directing funds to buybacks and token burns. Because nothing says “stability” like burning a ton of tokens. 🔥
And as a cherry on top, a hundred million UNI-think of it as a generous donation from the treasury-will be set ablaze. Poof! Gone. Just like the last slice of pizza you wanted. 🍕
Hayden Adams, the co-founder, lamented that SEC restrictions under the Biden administration had kept the community waiting, like a bad traffic jam. Critics once dismissed UNI as “worthless,” citing the lack of growth incentives-poor tokens, always misunderstood. 🥲
Market reactions to UNI’s buyback plans
The moment arrived with dramatic flair: UNI skyrocketed by 42%, flying from $6.50 to over $10-making even the skeptics blink. Though the gains have, at the time of writing, been somewhat trimmed, the move wiped out October’s losses, giving hope that $8.6 might become a foundation for further climbs if the stars align. 🌟
Big whales-those charming creatures-raked in millions, basking in profits from this fortunate windfall. And yet, more treasures might await, for the plan’s deflationary nature could cause a supply shock, like a sudden gust knocking over dominoes. CryptoQuant’s Ki Young Ju, ever the prophet, forecasts a potential blaze of tokens burned, with volume and exchange holdings aligning in a dance of destruction. 🔥
“Even just counting v2 and v3, with $1T in YTD volume, that’s about $500M in annual burns if volume holds. Exchanges hold $830M, so even with unlocks, a supply shock seems inevitable.”
Another oracle, Bread, estimates that monthly buybacks could hit $38 million-think of it as a regular subscription to a wealthier future, totaling over $450 million annually. If this miracle happens, UNI would dance into the lucrative territory of the second-largest token by buyback size, trailing only Hyperliquid-delightful, isn’t it? 😏
Still, critics, the ever-present skeptics, argue that these forecasts might be as shaky as a house of cards, citing fees that could chase away users seeking cheaper, faster transactions. Because in crypto: faster, cheaper, better-pick two. 💸
Nevertheless, Santiment reports show that outside of exchanges, UNI’s supply has been creeping up-like a sneaky cat-only dipping by about 6 million after the buyback announcement. Not exactly a massive exodus-more like a mild stroll. Unless, of course, the supply outside continues to grow, then we might be in for an interesting game of supply hide-and-seek. 🐱
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2025-11-12 09:22