November 12, 2025

The overall market trend is still weak, but fortunately, the pullback has not been significant. In the short term, I believe the probability of continuing a fluctuating upward trend is higher. However, regarding the medium to long-term outlook, there is a question mark. In fact, market sentiment can be reflected through certain events. After the proposal to restart the UNI fee switch was announced yesterday, the coin price couldn't even hold above 10U. It's important to note that this is a protocol-level innovation, and once approved, it would be a cash cow. Of course, investors in the market may be worried about the proposal failing, but in terms of inherent value, compared to some other projects, holding it should not be a source of anxiety.
In the past couple of days, I've been privately messaging some friends about another project, which is also a DeFi project and can be held as a medium to long-term asset. I don't promote projects much anymore, mainly because the secondary market is too terrible; many projects are using the banner of blockchain innovation to exploit investors. If you're interested, take a look at the price trends of projects launched on the secondary market in the past two years; I can only describe it as utterly inhumane.
From my perspective, I sincerely hope that everyone can make a lot of money in this circle, so there are some big pits that I have repeatedly warned everyone not to step into. I have also promoted some projects before and encountered some big pitfalls, and of course, I have been deeply trapped in them myself, knowing what that feels like. Therefore, I still want to emphasize that regardless of who recommends a project to you, you must do sufficient research before making a purchase and not expose yourself to too much risk.
Returning to the market, to be honest, the recent weak performance is quite concerning.