A whale has sold off all UNI tokens, potentially making profits worth $6.5 million amidst declining prices. The governance token of the world’s largest decentralized crypto exchange, UNI, has experienced a disappointing month with significant losses.
Notably, the whale purchased 1.53 million when UNI’s price was $6.45. As of this writing, the wallet has been drained off all UNI holdings, suggesting potential profits worth $6.5 million on the total investments.The sell-off followed a disappointing month for the governance token of the world’s largest decentralized crypto exchange (DEX). UNI plummeted 11.
56% in the last seven days, and more than 10% over the month, according toAs per AMBCrypto’s analysis of Santiment data, the unrealized losses of UNI holders increased sharply in the past week. If all coins were sold, traders would be realizing losses of 7.63% on average.The pessimism was also reflected in the way whales were positioned in the futures market. As per AMBCrypto’s analysis of Hyblock Capital’s data, the total number of long positions taken by whales on Binance dropped from 75% in mid-March to 69% as of this writin
Whale UNI Tokens Profits Declining Prices Governance Token Decentralized Crypto Exchange Losses
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