Many people still believe in $UNI’s deflationary fundamentals, but the reality is that on-chain burns have completely stalled.
Based on the rolling 30-day figures, its annualized burn value has fallen from over $190 million to around $158 million, and the amount burned each day continues to decline.
The deflationary expectations fueled by pockets of hype have visibly run out of steam now that the frenzy has faded. Without substantial token burns to provide support, the valuation bubble can only fight gravity.
Even the core thesis of reducing supply is rapidly losing momentum. Blindly hoping for a reversal in these conditions is simply gambling on expectations.
#UNI
👇
Based on the rolling 30-day figures, its annualized burn value has fallen from over $190 million to around $158 million, and the amount burned each day continues to decline.
The deflationary expectations fueled by pockets of hype have visibly run out of steam now that the frenzy has faded. Without substantial token burns to provide support, the valuation bubble can only fight gravity.
Even the core thesis of reducing supply is rapidly losing momentum. Blindly hoping for a reversal in these conditions is simply gambling on expectations.
#UNI
👇
