A user engaged in "catching a falling knife" by buying the dip on UXLINK, suffering a paper loss of $925,000, nearly a 99.8% loss.

BlockBeats News, September 23rd, according to on-chain analyst Ai Goddess (@ai_9684xtpa), a user engaged in "buying the dip" after the UXLINK hack, only to suffer a devastating loss as the token price plummeted to near zero.

The address "0x4f3...510a1" spent 273 ETH in the early morning hours to purchase UXLINK on the Arbitrum network at an average price of $0.03283, investing approximately $927,000. Subsequently, the hacker maliciously inflated the token supply to 10 trillion, causing the price to nearly go to zero. The user's unrealized loss amounted to $925,000, representing a loss of nearly 99.8%.