Mysterious Whale Has Accumulated $9.6 Million in This Altcoin: Continues to Withdraw from Binance

On-chain data shows a new whale has created a multi-million dollar position in Uniswap’s native asset, $UNI. The recently created address withdrew another 600,005 $UNI from Binance. The value of the latest transaction is estimated at approximately $4.28 million.

The total amount accumulated by the address since October 11th has reached 1,292,895 $UNI. The total value of the whale’s current $UNI assets is approximately $9.6 million. The average withdrawal price is reported to be $7.42.

Due to the $UNI price remaining below the average withdrawal level, the address has approximately $300,000 in unrealized losses.

$UNI, which managed to climb above $10 this month, is currently trading at $7.60 at the time of writing following a pullback. The token’s price has increased by 21% in the last month.

However, $UNI is currently trading 83% lower than its all-time high of $44.97 reached during the 2021 DeFi altcoin bull run.

*This is not investment advice.