Galois Capital, a prominent player in the crypto market, has built a substantial position of 1.68 million UNI tokens, worth $10.68 million, over the past 11 months.
With an average purchase price of around $6.35 per token, the position currently reflects a floating loss of $720,000 as UNI prices have fluctuated.
🔓 Top 7 Token Unlocks of the Upcoming Week
The following tokens with the largest unlock amount will be unlocked next week:
Arbitrum – $51.57M
Uniswap – $49.61M
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Moca – $21.16M
Cyber – $11.28M
ApeCoin – $8.91M
Worldcoin – $8.15M pic.twitter.com/5HeJOXDKBk— CryptoRank.io (@CryptoRank_io) August 11, 2024
In a recent move, all these UNI tokens were transferred to the address 0xd9A…bbFe7 just seven hours ago. Following the transfer, the tokens were deposited into Aave, a leading DeFi lending platform, allowing the borrower to secure a loan of 5.7 million USDC. This USDC was used to repay an existing Aave debt for the address 0xefa…aaf7d.
The latter address remains highly active on Aave, currently holding 43,966 WETH as collateral and having lent out 54.17 million USDC. The address boasts a health rating of 1.71 and a net position value of up to $57.4 million, indicating strong financial health and significant involvement in the DeFi ecosystem.
Galois Capital 关联地址过去 11 个月建仓了 168 万枚 $UNI （价值 1068 万美金），平均成本约 $6.35，目前已浮亏 72 万美金📉
这部分代币七小时前已全部转移至 0xd9A…bbFe7，存入 Aave 后借出 570 万枚 USDC，用于偿还地址 0xefa…aaf7d 的 Aave 债务
后者目前在 Aave 质押了 43,966 枚 WETH… pic.twitter.com/5kwZ1z1UTY
— Ai 姨 (@ai_9684xtpa) August 12, 2024
According to data from CryptoRank, Uniswap is set to unlock an additional 8.33 million UNI tokens (0.83% of the total supply) on August 17. To date, Uniswap has unlocked 54.2% of its total UNI supply, a factor that could influence market dynamics as more tokens become available.
As Galois Capital navigates its position in UNI, the upcoming token unlock and the broader market conditions will be critical factors to watch. The firm’s strategy, including the use of Aave for borrowing and debt repayment, highlights the sophisticated maneuvers at play in today’s DeFi landscape, where large players like Galois are continuously adjusting their positions to maximize returns and manage risks.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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