$13.18 million worth of $UNI has been sitting on Binance for two days, and the whale still hasn’t made a move.
On October 10, a whale transferred 1.79 million UNI from Venus to Binance, worth $13.18 million (Lookonchain). They acquired these tokens a year ago at $9 each. At the current price of $7.5, they’re sitting on an unrealized loss of $3 million.
Here’s the interesting part: it’s been two days since the tokens were transferred to the exchange, and not a single one has been sold. Are they reluctant to cut their losses, or waiting for a rebound to $8.2 before selling?
My take: a whale depositing tokens doesn’t mean they’ll dump them right away. But with 1.79 million tokens now hanging over $UNI as potential selling pressure, think about who might be waiting to offload before you try to catch a falling knife below $7.5.
If you’re holding $UNI , tap to see whether this $13.18 million has moved 👇
#UNI #Whale
This is my personal opinion only and does not constitute investment advice.
On October 10, a whale transferred 1.79 million UNI from Venus to Binance, worth $13.18 million (Lookonchain). They acquired these tokens a year ago at $9 each. At the current price of $7.5, they’re sitting on an unrealized loss of $3 million.
Here’s the interesting part: it’s been two days since the tokens were transferred to the exchange, and not a single one has been sold. Are they reluctant to cut their losses, or waiting for a rebound to $8.2 before selling?
My take: a whale depositing tokens doesn’t mean they’ll dump them right away. But with 1.79 million tokens now hanging over $UNI as potential selling pressure, think about who might be waiting to offload before you try to catch a falling knife below $7.5.
If you’re holding $UNI , tap to see whether this $13.18 million has moved 👇
#UNI #Whale
This is my personal opinion only and does not constitute investment advice.