After five years of longing, it all comes to nothing! Between September and November 2020, trader 0x8E2 bought 104,538 UNI in batches on Binance at an average price of $3.43, for a total investment of about $359,000. In May 2021, when UNI hit its all-time high of $45, the market value of his holdings was nearing $5 million—but he chose not to sell. Now, after holding for five years, he has transferred all his UNI to a new wallet, 0x46B. Its current value is only about $416,000, down more than 90% compared with the peak.
UNI has already fallen more than 90% from its historical high. While long-term holding may not have resulted in a loss, it serves as a lesson that comes with missing out on enormous profits: taking profits at the right time when the market is overheated may be the key to avoiding “paper riches.” $UNI
UNI has already fallen more than 90% from its historical high. While long-term holding may not have resulted in a loss, it serves as a lesson that comes with missing out on enormous profits: taking profits at the right time when the market is overheated may be the key to avoiding “paper riches.” $UNI