Back

Blockchain Address Nets $600K from UNI Token Swing Trade

Lookonchain data shows a large UNI holder capitalizing on short-term price swings with timely sale and repurchase transactions.

UNI

Summary

Lookonchain reports that a whale sold 798,700 UNI tokens for $4.26 million at $5.33 five days ago and, after a market drop, repurchased 757,600 UNI for $3.66 million at $4.83 about five hours ago. The sequence yielded an estimated short-term profit of approximately $600,000.

Terms & Concepts
  • UNI Token: The native cryptocurrency of Uniswap, a decentralized exchange protocol used for token swaps.
  • Lookonchain: A blockchain analytics platform that tracks and reports crypto transactions.
  • Swing Trade: A trading strategy aiming to profit from short- to medium-term price movements in financial assets.