Recently, $UNI's performance has indeed been a bit lackluster, but that's not really surprising. To be honest, the two previous bullish signals—proposal and the burn of 100 million tokens—both triggered significant rebounds, almost exhausting market sentiment. Currently, sideways consolidation is a normal rhythm; after all, no market can stay hot forever.

My view on UNI has actually always been somewhat reserved. Friends who have followed me for a while should remember that when UNI reached $12, I was still saying it would max out at $20. At that time, many people thought I had a narrow perspective, expecting it to hit $50 or even $100. But what happened? The facts proved that my $20 estimate was too high. What really disappointed me was that after a certain DEX launched its own chain, the project team surprisingly didn't enable UNI to handle GAS functions. At that moment, I felt they might have truly given up on this token.

It wasn't until the buyback plan was introduced that there was some change. But honestly, this buyback is unlikely to directly push the price up in the short term. Why? The overhead supply is too heavy, and additionally, the entire DeFi token sector hasn't seen much improvement in market sentiment from 2023 to now. No matter how strong the project is, the token price still can't keep up with the fundamentals.

However, from another perspective, this operation at least proves that the project team hasn't completely given up. For UNI to truly take off, the key still depends on how substantial the subsequent buybacks are, as well as whether core indicators like trading volume, user numbers, and TVL can gradually increase. Frankly, any rise without fundamental support is just empty.

From a long-term perspective, adding UNI to your dollar-cost averaging list at this stage is still worth considering. Instead of short-term speculation, it's better to base your layout on fundamentals and long-term logic, so at least you have some confidence.