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Good morning everyone, follow Madman to learn about UNI, and what to do after being sued by the SEC!
Uniswap is a protocol for automatic token exchange on Ethereum. It is designed around features such as ease of use, improved gas efficiency, censorship resistance, and zero rent. It supports exchange between ETH (Ether) and other different tokens, as well as between tokens.
At around 2 a.m., the SEC once again issued a Wells Notice to UNI. As soon as the news came out, the price of UNI has fallen by 16% so far. As soon as the news came out, many big investors panicked and fled.
Why are the big investors fleeing?
I believe many people should know about the XRP incident. The lawsuit has been going on for several years and has not been resolved. The price of the currency has also been tepid. I am also afraid that UNI will also be dragged into the lawsuit by the SEC and miss the entire bull market.
However, the founder of UNI responded that he would fight to the end. This was the only way out. The founder of UNI could only fight to the death. If he did not come out to calm the mood, the price of UNI would still be affected. So the founder of UNI is still very responsible.
Can UNI still make plans after being sued?
Currently, it is at the forefront of the storm. It is recommended to wait and see. When the news gradually weakens, you can make a layout in batches. It can only be said that this wave of SEC lawsuits has extended UNI's stretch cycle. It will test the mentality of traders even more!
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