UNI Whale Deposits $13.71M to Kraken Amid Losses
A whale offloads 2.25M UNI ($13.71M) to Kraken, likely cutting losses after unrealized profits peaked at $26.5M.
- A whale deposited 2.25M UNI ($13.71M) to Kraken, likely exiting at a loss.
- The whale had acquired UNI at an average price of $6.92 between Sept 2023 – Nov 2024.
- At its peak, the whale’s holdings had an unrealized profit of $26.5M.
A significant whale transaction involving Uniswap (UNI) has caught the crypto community’s attention. Data shows that a whale deposited 2.25 million UNI, worth approximately $13.71 million, to Kraken just two hours ago. This move suggests a likely attempt to cut losses amid declining UNI prices.
Whale’s UNI Journey: From Profits to Losses
The whale accumulated the 2.25 million UNI tokens between September 7, 2023, and November 18, 2024, at an average price of $6.92 per token. At the time of the deposit, UNI’s price was slightly below this average, resulting in a $1.86 million loss compared to the acquisition cost of $15.57 million.
Interestingly, at its peak, the whale’s holdings had an unrealized profit of $26.5 million, indicating a missed opportunity to cash out at the top.
Market Implications
Whale movements often impact market sentiment. A large deposit to an exchange typically signals an intent to sell, which could lead to increased short-term price volatility. Traders and investors will be closely watching UNI’s price action in the coming hours to see if the whale’s move triggers further selling pressure or if buyers step in to absorb the supply.
