Trader ‘Maji’ Purchases 220,000 UNI Worth $2.1 Million, Faces Unrealized Loss

Trader ‘Maji’ Purchases 220,000 UNI Worth $2.1 Million, Faces Unrealized Loss

On-chain data shows ‘Maji’ has suffered over $15 million in losses from frequent trades, with a large 25x ETH long nearing liquidation.

ETH
UNI

Fact Check
The assessment is based on a single, highly authoritative and directly relevant source. The Binance Square news report, which cites on-chain data, explicitly confirms that an investor named 'Maji Dage' (a very close match to 'Maji') acquired 220,000 UNI tokens. This corroborates the trader's identity, the action, the token type, and the exact quantity mentioned in the statement. While the source summary does not explicitly state the total value of $2.1 million, this figure is highly plausible, as it would imply a price of approximately $9.54 per UNI token, a reasonable market value. All other provided sources are irrelevant to the claim. Several are entirely unrelated news or social media posts where the terms 'Maji' or '220,000' appear coincidentally, often in a different language (Swahili for 'water'). Other crypto-related sources discuss different traders, tokens, or transaction values. Crucially, none of the sources contradict the information presented in the Binance report. Therefore, with one strong piece of corroborating evidence and no conflicting information, the statement is highly likely to be true.
    Reference1
Summary

On-chain analyst Ai Yi reported that trader ‘Maji’ has executed 18 trades since the October 11 market crash, winning only five, resulting in a 27.7% win rate and $15.73 million in losses. He currently holds a 25x leveraged long on 7,500.7 ETH, facing $2.27 million in unrealized losses with a liquidation price of $3,043.16. These figures further underscore his risky trading approach, building on prior reports of leveraged ETH and UNI positions during volatile market conditions.

Terms & Concepts
  • UNI: The native cryptocurrency of the Uniswap decentralized exchange, used for governance and trading activities.
  • Long position: A trading strategy where an investor buys an asset expecting its value to increase.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.