The number of UXLINK holding addresses has exceeded 1.286 million, surpassing stablecoin giant USDC! What new paradigm of Web3 social interactions is hidden behind this phenomenal data?
1. On-chain Data
The top 100 addresses holding coins account for less than 15%, presenting an ideal decentralized state. It is a project that truly belongs to the community, and it has been nearly a year since the TGE. The two largest unlocks in trading volume have been completed, allowing those who want to sell and those who want to buy to say goodbye to each other, achieving sufficient turnover. There will no longer be significant selling pressure.
2. Fundamental Situation
With a solid social relationship chain established, in addition to a steady South Korean and Japanese market, there is a double-digit organic growth every month along with penetration into emerging markets in Southeast Asia and the Middle East. Thus, the 'social mining' mechanism makes the 1.28 million addresses not just a data bubble, but a vibrant community with a complete social ecology. The scale of real users is a more meaningful long-term indicator than TVL!
3. Technical Analysis of the Market and Prices
Currently, the circulation has entered a stable phase, with the majority of trading volume still coming from South Korea. Since Upbit in South Korea does not have a contract market and only offers spot trading, operating with UXLINK is more suitable for going long rather than short. The current price is relatively low, so it’s worth keeping an eye on as the market stabilizes! #UXLİNK #美国加征关税 #风险回报比 $BTC #内容挖矿
