Uniswap’s burn rate just crashed to zero, and $UNI is down 2.32% to $7.42 in 24 hours.
Robinhood’s Uniswap activity is crashing as users go risk-off. No swaps, no burns, that’s why the burn rate hit zero. It’s not sell-the-news, retail on the platform has stopped interacting with Uniswap entirely.
The biggest flaw in this bearish call? If market risk appetite bounces back, Robinhood users could flood back into Uniswap overnight, spiking the burn rate just as fast. Don’t FOMO the dip. Wait for Robinhood’s Uniswap daily volume to hit its 7-day average before adding exposure.
Do you think $UNI’s burn rate will recover within 3 days, or stay at zero for the rest of the week? Vote 1 for quick recovery, 2 for extended slump.
#Write2Earn #BinanceSquare #UNI DeFi #TradingTournament
Robinhood’s Uniswap activity is crashing as users go risk-off. No swaps, no burns, that’s why the burn rate hit zero. It’s not sell-the-news, retail on the platform has stopped interacting with Uniswap entirely.
The biggest flaw in this bearish call? If market risk appetite bounces back, Robinhood users could flood back into Uniswap overnight, spiking the burn rate just as fast. Don’t FOMO the dip. Wait for Robinhood’s Uniswap daily volume to hit its 7-day average before adding exposure.
Do you think $UNI’s burn rate will recover within 3 days, or stay at zero for the rest of the week? Vote 1 for quick recovery, 2 for extended slump.
#Write2Earn #BinanceSquare #UNI DeFi #TradingTournament