UCN has skyrocketed over 4,900% since August 27, with a 24-hour surge of greater than 400% on August 29, climbing from $205 to $1,257. Regardless of the dramatic worth soar, buying and selling quantity remained modest, beneath $2 million.
Mainnet Hype and Social Media Chatter
UCN, the native token of the Uchain venture, has surged by greater than 4,880% since Aug. 27. In accordance with Coingecko information, the token was the highest gainer on Aug. 29, rising by greater than 400% in simply 24 hours from $205 to $1,257. Regardless of this fast appreciation, the token’s 24-hour buying and selling quantity remained largely beneath $2 million.
A report has linked UCN’s meteoric rise to consumer pleasure surrounding the Uchain mainnet launch, which is scheduled for Sept. 1. Just a few social media accounts on X, a few of which have since been deleted, fueled this pleasure with teasing posts in regards to the imminent launch, suggesting it may push the token’s worth greater.
One account, Uchainupdates, posted on Aug. 28:
With UCN’s EVM-compatible mainnet launching in 72 hours, our $75 worth may simply be the beginning. Builders, mark your calendars.
One other social media consumer, Blockchainoracle, whose account has additionally been deleted, cautioned that whereas UCN broke its 2025 resistance at $74, its “RSI at 89 screams overbought.” The consumer added that in such a situation, the token is both “seeing a paradigm shift or traditional bull lure.”
Regardless of UCN’s spectacular market efficiency, social media chatter on the token remained surprisingly muted amongst main business figures. Moreover, the token’s skinny liquidity has fueled fears that UCN could possibly be one more “pump and dump” scheme.
The lack of know-how or official updates on the approaching mainnet launch on the Uchain venture’s official web site and social media channels has additionally raised additional questions in regards to the venture’s authenticity.
