A cryptocurrency wallet believed to belong to BitMEX founder Arthur Hayes continues to increase its holdings of UNI. According to data from on-chain analyst ai_9684xtpa, the wallet withdrew another 39,000 UNI from the FalconX cryptocurrency platform in the last hour.
The latest transfer is reported to be worth approximately $282,000, bringing the total amount of UNI in the wallet to 284,101 tokens. Based on current prices, the total value of these assets is estimated to be approximately $2.007 million.
The data shows that the average cost of UNI purchases in the wallet is around $7.06. This makes UNI the third largest asset held by that address on its chain.
Hayes’s increase in his UNI position is noteworthy in terms of tracking institutional and large investor interest in the native token of the Uniswap ecosystem. In particular, the public nature of on-chain transactions allows investors to monitor position changes in large wallets in real time.
The recent UNI transfer from FalconX reveals that the wallet associated with Hayes is continuing its token accumulation. However, wallet activity alone does not definitively indicate that Hayes has adopted a long-term investment strategy regarding UNI.
Holding UNI at an average cost of $7.06 means that changes in the token price directly affect the value of that position. With the wallet’s total UNI balance reaching 284,101 tokens, investors are expected to closely monitor activity and new transfers to the address.
On-chain data are among the important indicators for market participants, especially those who want to monitor the buying and selling behavior of wallets holding large amounts of tokens.
*This is not investment advice.
