UXLINK price dropped to $0.120 and trading volume surged ahead of a community vote on early token unlocks tied to compensation for its September hack.

At press time, UXLINK was trading at $0.120, down 15% over the past 24 hours. The token has fallen 5% over the past week and 62% over the past month, and is now trading 96% below its all-time high of $3.68, set in December 2025. Its 7-day trading range shows fluctuations between $0.1066 and $0.1907.

The sell-off triggered a sharp increase in trading activity. Daily spot volume surged 612% to $119.9 million. Derivatives activity also surged, with CoinGlass data reporting a 733% increase in trading volume. A 15% drop in open interest suggests that traders are closing their positions rather than increasing their exposure.

This combination of increased short-term activity and decreased positioning suggests uncertainty ahead of the governance vote.

Early Unlock Vote Following September Hack

This latest move comes as part of UXLINK's Uxlink
UXLINK
-4.7%
UXLINK Ethereum holders prepare to vote on Ethereum governance
Ethereum
Ether
1.56%
Ethereum mainnet on October 4.

The announcement was made by UXLINK on October 3, laying out a proposal for Ethereum mainnet holders to decide whether to unlock a portion of their community, team, and treasury allocations ahead of the original 24-48 month timeline.

The early release will provide liquidity for swap and compensation plans related to the September 22nd hack, which drained an estimated $30 million to $44 million, according to security firms Peakshield and Hackn.

UXLINK has already deployed a new, audited contract with a fixed supply and launched a migration portal on October 1. Holders before the hack are eligible for individual swaps, while buyers mid-hack and after the announcement face adjusted levels. The early voting on unlocking powers is designed to accelerate compensation and support the resumption of trading on major exchanges.

 

Community Sentiment and UXLINK Price Predictions

Community sentiment is divided. According to analysts, if the early release is successful, between 5% and 10% of the supply could be released into circulation earlier than expected. This raises concerns about devaluation, but also allows for faster redemption and the possibility of a relisting. This combination could stabilize sentiment and trigger a rebound similar to other post-breakout rallies.

Since traders are already reducing their exposure to derivatives, there is a significant potential for further declines if the proposal is rejected or the relisting is postponed. Near-term performance depends on the effectiveness of governance in providing a reliable path to restore liquidity and access to capital markets.