Yesterday, it was reported that after the investors of UXLINK were unlocked, a mysterious long-term fund received $30 million OTC. As far as I know, UXLINK's spot market is mainly in South Korea, and there is almost no spot pressure in the South Korean market because there are no relevant investment institutions.
After the investors of UXLINK were unlocked, the price dropped by about 20%, with an amplitude of nearly 30%, but the trading volume surged to $1 billion per day. This market reaction may have a short digestion period, possibly completed within 1 to 2 days. If some favorable activities and staking support can continue to follow up, this price point may really be worth paying attention to.
In general, UXLINK has made significant innovations in social growth and blockchain technology, especially with its decentralized thinking and cross-chain support, which add a lot to its uniqueness in the Web3 field. Coupled with its deep cultivation in key markets like Japan and South Korea, this project is truly worth careful attention. If you are optimistic about the future of Web3, UXLINK is definitely a potential stock.
Finally, these innovations and market actions of UXLINK have also caused significant fluctuations in its coin price. However, the current price level appears to be a good entry point, with negative news out of the way, and future positive news may bring greater upward potential. If you are looking for potential stocks, UXLINK is definitely worth a try.