On the day of the UNI burning proposal, a whale went long, currently facing a floating loss of approximately 580%.

BlockBeats News, December 15th, according to HyperInsight monitoring, the whale who opened a UNI long position in the early hours of November 11th is currently facing a floating loss of $1.93 million (-580%). The position size is approximately $3.31 million, with an average price of $8.5. The whale is now the largest UNI bull on Hyperliquid. In addition, the address currently has a total position size of approximately $18.33 million and also holds a MON long position of about $0.445 million, with a floating loss of $0.22 million (-253%).

On November 11th, Uniswap Labs and the Uniswap Foundation jointly proposed a governance proposal to activate the protocol fee switch, allowing protocol usage to drive UNI burning. On that day, the UNI price continued to rise, breaking above $10, and is now trading at around $5.38.