On-chain data shows the whale has made $23.415M in profitable UNI trades since 2020, but current holdings still face losses amid a price drop to $6.
An on-chain analyst revealed that a whale sold 662,605 UNI five months ago at $8.82 each, realizing a $1.875 million profit. Since September 2020, the whale has conducted three UNI trades with a 100% win rate, totaling $23.415 million in profits. Additionally, 100 million UNI tokens have been burned, with the current price at $6. This comes alongside earlier reports of the same whale withdrawing 2.179 million UNI from Coinbase, bringing holdings to 3.629 million UNI, yet facing an unrealized $1.93 million loss on a $3.31 million long position initiated at $8.50.