Arca Chief Investment Officer: Not bearish on Uniswap, but bearish on UNI

ChainCatcher message, Arca 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 position and that of your venture capitalists do not matter; either switch to a revenue distribution or buyback model, or just don't do a token at all."