Whale Scores $3.8M in Unrealized Profit on $24.2M UNI Purchase

A large cryptocurrency investor, known as a whale, has made a significant shift in its holdings by purchasing $24.2 million worth of UNI last week.

The purchase was executed at an average price of approximately $7.75 per token and came after the entity sold all of its ETH holdings valued at $408 million.

The whale's new UNI position is showing around $3.8 million in unrealized profit, which represents the difference between the acquisition cost and the current value of the asset while the position remains open.

It is unclear whether this entity intends to continue accumulating UNI or if the reported purchase was its full position.