Hacks, hacks, hacks
![](https://production-sanbase-images.s3.amazonaws.com/uploads/4961dd6e4e4d7311ae32a03917456e3191a3b8f0655729921d3b7f99ce248100_1699270924430_unibot_tweet.png)
When a coin you hold puts out a tweet like that, it's never a good sign. Panic creeps in, you start getting doubts (especially having experience multiple blowups of projects before), maybe it's just better to sell and wait it out? Looks like many $UNIBOT holders felt those kind of feelings in the recent days.
If you check onchain data, there was a very clear capitulation event on Oct 31st. There are rarely such clear and explosive breakdowns, followed up by terrible sentiment, that was the one for the books.
![](https://production-sanbase-images.s3.amazonaws.com/uploads/eef69426252782723cc73d87225da05000bb9e0e3c9e8ef696bcf45ddd486ae1_1699271727710_unibot%20ac.png)
![](https://production-sanbase-images.s3.amazonaws.com/uploads/2487c63b98099d3c52694d743deda49dc84ec9f62c3bc48aabbf69a4e2f9060a_1699271752561_unibot%20aa.png)
![](https://production-sanbase-images.s3.amazonaws.com/uploads/6cd412ad4a34fa0494ce68b2c7b3ee91ec9ac45ba2ebedb933259775e64bb017_1699271766453_unibot%20tv.png)
If you read any UNIBOT-related threads on Twitter that day, there was no doubt that it's truly over - the trust is lost, recovery is not possible, best is to just sell and move on. That's usually the best time to get in.
![](https://production-sanbase-images.s3.amazonaws.com/uploads/782ecf2c2379d10663a7a614ae115d3c1142a5982dd7c818f4182aafc1733144_1699271700707_usibot%20social.png)
Since then, the bug has been patched, team put out some reassuring statements, and with the recent surge in memecoins, telegram trading bots might be in for a comeback after a period of poor performance lately.
Data used for this insight can be found here.
Thanks for reading!
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