A certain decentralized trading platform confirmed the destruction of 100 million UNI tokens yesterday, transferring them to a black hole address, with a destruction scale of approximately $59.1 million. On the surface, this appears to be a major positive development, but the token price did not rise as expected.
Many people find it hard to understand — token destruction should increase scarcity and strengthen the price, but the opposite is actually happening. The simple truth is: this positive news was already digested by the market the moment it was approved through voting.
Since the on-chain voting succeeded, smart money has been gradually exiting, waiting for the confirmation signal of destruction. By the time the destruction is actually executed, those who want to leave have already done so. So what you see is the destruction happening while the price tests the bottom — this is a typical feature of early realization.
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NFTArchaeologis
· 2h ago
Ah, it's like the awkwardness of discovering ancient artifacts—certificates are out, but the premium for genuine items is actually falling. The smart money's exit timing always stays ahead of your reaction.
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SolidityNewbie
· 21h ago
It's another old story: when the good news is exhausted, it becomes bad news.
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gas_fee_therapy
· 21h ago
It's that same line of "smart money has already run," and I'm almost getting calluses on my ears from hearing it.
Isn't this just armchair strategizing after the fact? And now there's a new excuse for the next wave of chopping the leeks.
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MetaReckt
· 21h ago
Ah, once again smart money has taken a cut
Still waiting for the positive news of destruction to take off, but they already left
Should have sold on the day of the vote, I really didn't react in time
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AirdropHunter007
· 21h ago
It's the same old scam—vote to run away, and when it's time to execute, no one is there. I've seen this trick way too many times.
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BitcoinDaddy
· 21h ago
This is what I often say: when good news is fully priced in, it's actually bad news, brother.
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It's the same old trick. They've already absorbed the funds, and now they want to take over.
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You should have sold on the day of the vote. It's a bit late to react now.
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Smart money has already run away. Are we just here studying the destruction?
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Basically, it's just a process of cutting losses, disguised as good news.
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It's a typical case of knowing first and announcing later, leaving retail investors holding the bag.
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I'm just wondering, how are there still people chasing after destruction and good news?
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PaperHandsCriminal
· 21h ago
It's the same trick again. The smart money has already moved, and I only realize I should buy afterward. It always happens like this—by the time I react, it's already the bottom.
A certain decentralized trading platform confirmed the destruction of 100 million UNI tokens yesterday, transferring them to a black hole address, with a destruction scale of approximately $59.1 million. On the surface, this appears to be a major positive development, but the token price did not rise as expected.
Many people find it hard to understand — token destruction should increase scarcity and strengthen the price, but the opposite is actually happening. The simple truth is: this positive news was already digested by the market the moment it was approved through voting.
Since the on-chain voting succeeded, smart money has been gradually exiting, waiting for the confirmation signal of destruction. By the time the destruction is actually executed, those who want to leave have already done so. So what you see is the destruction happening while the price tests the bottom — this is a typical feature of early realization.
The market is always faster than you imagine.