Whale Who Sold $408 Million in Ethereum Sees Significant Gains on Uniswap Investment

A whale investor who previously sold $408 million in Ethereum has made significant gains on their Uniswap (UNI) investment. The whale bought 3,125,000 UNI about a week ago at an average price of $7.75, resulting in a position with a total cost of approximately $24.2 million.

The value of the whale's UNI investment increased by approximately 16% since its purchase, with the current unrealized gain standing at around $3.8 million. This gain has not yet been realized through a sale.

This is notable because it follows a major Ethereum sale by the same investor, which occurred on September 4 and involved the sale of 167,855 ETH for approximately $408 million over five days. The whale's latest purchase of UNI took place in the weeks following this sale.