UXLINK Holders to Vote on Early Token Unlock for Hack Compensation
Holders of UXLINK, a cryptocurrency project, will vote on October 4 to decide on the early unlocking of team and treasury tokens to compensate victims of a September hack. The vote follows a significant security breach that drained an estimated $30-44 million from the project. Daily spot volume surged 612% to $119.9 million, indicating increased trading activity ahead of the election. UXLINK has lost 96% of its value from its all-time high of $3.68 set in Dec. 2025, with the price dropping to $0.120 and extending its 30-day losses to 62%. The community's sentiment is split, with concerns about dilution but also potential for quicker compensation and exchange relistings. UXLINK has deployed a new audited contract and launched a migration portal for affected holders. Derivatives activity also rose sharply, with a 733% jump in volume, but open interest declined by 15%. The outcome of the election could significantly impact exchange relistings and the short-term price outlook of UXLINK. If passed, it may lead to dilution risks, but it could also facilitate quicker compensation for hack victims and potentially boost the project's reputation.
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