🚨 $UNI WHALE DEPOSITS 1.79M TOKENS ON EXCHANGE FACING A $3.17M LOSS! 🦈
On-chain data reveals a major institutional wallet web3vc just unstaked 1.793 million $UNI worth $13.18 million from Venus Protocol and routed it straight to a top-tier exchange. 🔍 Having accumulated these tokens at an average cost of $9.12 last year, this strategic position is currently underwater by roughly $3.17 million.
📌 While large exchange deposits often precede sell-side pressure and localized liquidity sweeps, smart money entities occasionally transfer assets to manage collateral or pivot structural exposure. 💡 Depth charts could experience friction if market orders absorb this supply overhang. 🤔 Do you expect bids to absorb this liquidity transfer or will market structure breakdown? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #UNI #DeFi #WhaleAlert #Crypto
🦈 📉
On-chain data reveals a major institutional wallet web3vc just unstaked 1.793 million $UNI worth $13.18 million from Venus Protocol and routed it straight to a top-tier exchange. 🔍 Having accumulated these tokens at an average cost of $9.12 last year, this strategic position is currently underwater by roughly $3.17 million.
📌 While large exchange deposits often precede sell-side pressure and localized liquidity sweeps, smart money entities occasionally transfer assets to manage collateral or pivot structural exposure. 💡 Depth charts could experience friction if market orders absorb this supply overhang. 🤔 Do you expect bids to absorb this liquidity transfer or will market structure breakdown? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #UNI #DeFi #WhaleAlert #Crypto
🦈 📉