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.

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.

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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