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Arca Chief Investment Officer: Not bearish on Uniswap, but bearish on UNI
According to Mars Finance, Arca's Chief Investment Officer Jeff Dorman replied to Uniswap founder Hayden Adams on X regarding a tweet about the protocol's data performance, stating: "We are not bearish on Uniswap, but we are bearish on UNI. In today's market and the constantly changing regulatory environment, it is just a completely meaningless Token. Your and your venture capitalists' stance does not matter; either switch to a model of distributing income or buybacks, or just don't create a Token at all."