Crypto
Uniswap Whale Posts $3.8M Profit on 3.125M UNI Purchase
A recent transaction on Uniswap has generated significant profits for one whale investor. The individual offloaded 167,855 ETH worth $408 million last week and purchased 3.125 million UNI tokens at an average price of $7.75.
This purchase now sits on a substantial unrealized profit of $3.8 million as the price of UNI has reached $8.98.
The technical analysis shows a bearish structure with the EMA50 at $9.02 capping upside, while the EMA200 at $7.43 anchors long-term support.