Watch Out: A “Big Whale” Made a Sudden Sale of Exactly $33 Million in an Altcoin—Price Is Falling

According to on-chain data, a Uniswap investor transferred a total of 9.295 million UNI to Coinbase Prime’s hot wallet around 10:20 AM.

The total value of the tokens at the time of the transfer was approximately $33.46 million.

The investor in question had previously profited from periods of price increases in UNI. It is stated that the investor sold during the UNI price surge that occurred after the fee switch mechanism was implemented in the Uniswap ecosystem last November.

The approximately 8% drop in UNI’s price today is attributed to a recent transfer transaction. However, there is no definitive information indicating that the transfer was made for direct sales purposes.

A graph showing the drop in UNI price.

On the other hand, Machi Big Brother, a well-known whale in the crypto market, drew attention with his highly leveraged Ethereum transactions.

According to the data, Machi was liquidated twice in his ETH long positions opened overnight, losing a total of approximately $2.5 million.

However, the investor re-entered the market after the liquidations. Machi reportedly opened a new ETH long position worth approximately $4.6 million.

The remaining margin for the position is estimated to be around $180,000, which translates to approximately 25x effective leverage.

*This is not investment advice.

Continue Reading: Watch Out: A “Big Whale” Made a Sudden Sale of Exactly $33 Million in an Altcoin—Price Is Falling