UCN has skyrocketed above 4,900% since August 27, with the 24-hour surge on August 29, rising from $205 to $1,257. Regardless of the dramatic worth rise, buying and selling volumes have been modest, down beneath $2 million.
Mainnet hype and social media chatter
UCN, the native token of the UCHAIN venture, has skyrocketed over 4,880% since August twenty seventh. In keeping with Coingecko knowledge, the token was the highest acquire on August twenty ninth. Regardless of this fast appreciation, the 24-hour token buying and selling quantity was nearly beneath $2 million.
The report hyperlinks customers’ pleasure over the launch of UCN’s Meteoric Rise forter Uchain Mainnet. That is scheduled for September 1st. A number of social media accounts on X have been deleted, and a number of other subsequently deleted social media accounts have fostered this pleasure in posts in regards to the imminent launch, suggesting that they might push the token worth greater.
One account posted on August twenty eighth, uchainupdates:
With UCN’s EVM suitable mainnet launched in 72 hours, it might be troublesome to begin at a worth of $75. Developer marks calendar.
Blockchainoracle, one other social media consumer whose account was additionally deleted, warns that UCN defeated the 2025 resistance for $74, however is “overflowing with 89 screams” and “RSI.” Customers added that in such a state of affairs the token is to “see paradigm shift or traditional bull traps.”
Regardless of UCN’s spectacular market efficiency, Token’s social media chatter remained surprisingly calm amongst key trade figures. Moreover, the skinny fluidity of the tokens has inspired the worry that UCN could possibly be one more “pump and dump” scheme.
The lack of understanding or official updates relating to the upcoming mainnet launch on the UCHAIN venture’s official web site and social media channels additionally raised additional questions relating to the reliability of the venture.
