UNI done for? I don’t think so】

UNI has fallen from over 20 yuan to around 4 yuan now—a decline of 91%. Whenever UNI comes up in the group, people say, “It’s over, it’s over,” “Liquidity has been drained,” “V3 can’t be saved.”

But when I looked through the data, I noticed something interesting—UNI is up nearly 31% over the past 30 days, and also up 12%+ over the past 7 days. The market is still hovering in the bottom region of the Fear Index at 27, and most people are still watching from the sidelines—yet UNI has already started quietly rebounding.

You all say UNI is “cold,” but I think there are a few signals worth thinking about.

First, momentum really is picking up. Continuous buy-side inflows are positive over 24 hours, 7 days, and 30 days—something you don’t often see in altcoins. Second, the Fear & Greed Index is only at 27. Historically, when this kind of divergence appears—market sentiment is still stuck at the bottom, but a certain asset has already started running an independent trend—this is often a sign that smart money has entered early. Third, valuation is indeed absurdly low. A 91% drop can be seen as value destruction, or as oversold repair. The difference is whether you’ve checked to see if its fundamentals have actually changed.

I’m not saying where UNI will go to price-wise—that part isn’t important. What’s really interesting is this: while the whole market is still in fear and doesn’t dare to move, some things are already quietly moving. Trading volume is also expanding, exceeding 5% of market cap—big funds are in motion.

After working in traditional industries for forty years, I learned one thing: things everyone says are useless often hide opportunities; when everyone says something is good, you should be careful. I think this Web3 cycle is the same.

What do you think—has this UNI move truly stabilized, or is it just a rebound? What I care about more is: if it really can hold steady, what will the next logic be?