On-chain data shows a new whale has created a multi-million dollar position in Uniswap’s native asset, UNI. The recently created address withdrew another 600,005 UNI from Binance. The value of the latest transaction is estimated at approximately $4.28 million.
The total amount accumulated by the address since October 11th has reached 1,292,895 UNI. The total value of the whale’s current UNI assets is approximately $9.6 million. The average withdrawal price is reported to be $7.42.
Due to the UNI price remaining below the average withdrawal level, the address has approximately $300,000 in unrealized losses.
UNI, which managed to climb above $10 this month, is currently trading at $7.60 at the time of writing following a pullback. The token’s price has increased by 21% in the last month.
However, UNI is currently trading 83% lower than its all-time high of $44.97 reached during the 2021 DeFi altcoin bull run.
*This is not investment advice.
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