Trend Research Exits UNI and COMP Positions, Realizing $46.98 Million Loss
According to on-chain analyst Ember, Trend Research transferred 2.16 million UNI to Binance, completing four days of UNI and COMP sales worth $28.99 million at a reported $46.98 million realized loss.
According to on-chain analyst Ember, Trend Research transferred 2.16 million UNI worth $6.61 million to Binance, completing a four-day exit involving 7.57 million UNI worth $24.55 million and 228,700 COMP worth $4.44 million. Total sales reached $28.99 million, and the realized loss was reported at $46.98 million. This supersedes an earlier account that cited smaller UNI totals and a $40.29 million loss, indicating the liquidation was larger and more costly than first reported. The sales involved UNI, the governance token of Uniswap, and COMP, the governance token of Compound, with Binance serving as the destination exchange.
- UNI: The governance token of Uniswap, used for protocol governance and commonly traded on crypto exchanges.
- COMP: The governance token of Compound, used for governance within the decentralized finance lending and borrowing protocol.
- Realized loss: A loss recorded when an asset is sold for less than its purchase price, making the decline no longer unrealized.