In a recent development, UNI whales are suspected of offloading nearly 470,000 UNI tokens bought just a month ago. If sold, these whales stand to incur a loss of $370,000.

The whale had initially acquired 469,177 UNI tokens at an average price of $10.53 between May 26 and June 4. On June 6, they sold 200,000 of these tokens. Nine hours ago, the remaining tokens were transferred to Binance at an average price of $9.74.

Further on-chain data from Lookonchain reveals that today, a whale or institutional investor sold significant amounts of several tokens: 3.13 million LDO ($5.77 million), 49,771 AAVE ($4.54 million), 269,177 UNI ($2.41 million), and 250,969 FXS ($708,000).

These sales were all at a loss and have contributed to a drop in the prices of LDO, AAVE, UNI, and FXS.

Whale Previously Made Over $73 Million Investment In ETH Ecosystem Tokens

This whale had previously invested over $73 million in ETH and Ethereum ecosystem tokens after the SEC approved form 19b-4 for an ETH ETF at the end of May. Most of these tokens have since been sold, leaving the whale with 3.33 million LDO ($5.83 million) and 31,191 AAVE ($2.8 million).

Currently, the whale’s total profit stands at $2.87 million. While they made $7.29 million on ETH, they incurred losses of $3.23 million on LDO and $1.1 million on AAVE.

These transactions and losses highlight the volatile nature of the cryptocurrency market and the substantial financial risks taken by large investors.

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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Image Source: alfazetchronicles/123RF // Image Effects by Colorcinch