
The sale came after UNI rebounded from $2.4 to $4.4, with on-chain analyst EmberCN saying the holder had accumulated 629,000 tokens at an average $3.34 in June and July.
A large UNI holder sold 429,000 tokens on-chain about six hours ago for 929.3 ETH, worth $1.75 million, realizing a $320,000 profit, according to on-chain analyst EmberCN. The wallet had previously bought 629,000 UNI in June and July at an average price of $3.34, spending $2.1 million. The latest sale was executed at an average price of $4.09 after UNI recently rebounded from a low of $2.4 to $4.4, suggesting the holder used the recovery to take profit.