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A whale is suspected of dumping 592,895 UNI tokens at a loss, with an estimated loss of approximately $1.547 million.

BlockBeats news, November 15 - According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x138…73b4D withdrew 1,292,895 UNI from Binance between October 10 and 13, with an average price of $7.42, resulting in a position cost of approximately $9.59 million.


After holding for about a month, the address transferred 592,895 UNI to trading platforms in the past 7 hours, with this portion of the position expected to incur a loss of approximately $1.547 million, a loss margin of about 35.2%. The address has 700,000 UNI remaining, with an unrealized loss of approximately $1.673 million.

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UNI price has recently surged, mainly driven by the significant increase in Uniswap trading volume and fee revenue on the Robinhood Chain, as well as the continuous burning of UNI through the protocol fee switch, enhancing the deflationary expectations for the token.
Relying on selling tokens to raise funds for the foundation in the absence of long-term empowerment of UNI tokens undoubtedly shifts the ecological operation costs to long-term holders of UNI tokens.
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