I think it is a good time to sell $UXLINK now! It is recommended to lock in profits.

I just saw that UXLINK was listed on the perpetual contract of Binance Exchange, with the highest leverage of 75 times, and then a group of KOLs cooperated crazily to shout more, and the price of $UXLINK rose sharply. Unfortunately, despite such collective shouting, the price of the currency still failed to surpass the previous high of 0.44U. I think everyone should consider temporarily standing on the sidelines and locking in profits.

My reasons are as follows:

First, Binance obviously lacks confidence in this project, otherwise it would directly list it on the spot. Referring to the popular currency Rats not long ago, if the contract is listed first and the market is smashed, it will be difficult to list it on the spot later. For a currency like UXLINK that is mainly hyped and not actually landed, the airdrop volume in the early stage is huge, and it is likely to encounter profit-taking. If the trend is not good, it will be even more distant to list it on the spot.

Second, don't forget that the important function of the contract is to short! Be careful of the air force entering the market.

Third, currently on some large platforms, the current financial management yield of #uxlink is as high as 180%-360%. It is obvious that some dealers are frantically borrowing coins to smash the market. Only after the market crashes can they buy cheap goods to repay the coins. The air force has obviously entered the market. If the high-multiple contract shorting of Binance is added, the risk of collapse will be even greater. Don’t forget that UXLINK plummeted to around 0.1U not long ago! It makes people feel scared!

Fourth, it is said that the second phase of UXLINK’s large-scale airdrop will start to apply for it soon, which will undoubtedly bring huge selling pressure.

In summary, it is recommended to take profits at high prices and wait and see for the time being. What do you think?