The destruction progress of the UNI black hole address continues to advance, with a total destroyed amount exceeding 100 million tokens (specifically 100,213,579 tokens). In the past hour alone, another 4,000 tokens were destroyed. This process is not a short-term event but part of a long-term mechanism design.

What is more noteworthy is the change in on-chain holders. Currently, there are 387,913 unique addresses holding UNI, and this number is still growing. Don't forget that the number of people holding through exchange wallets is even larger.

From on-chain data, the combination of token destruction and expanding holders indicates that UNI's fundamentals are quietly improving. Considering the current price level, I believe this is a historic bottom zone. Strategically, spot positions can be boldly deployed, but contract risks should still be avoided. Short-term volatility is inevitable, but the long-term logic is becoming increasingly clear.