Crypto Whale Dumps 512K UNI After 5-Year Hold, Absorbs $11.6 Million Loss Amid Market Turmoil

In a stark illustration of cryptocurrency market volatility, a major investor known as Whale 0x3136 has liquidated a long-held position in Uniswap (UNI), resulting in substantial losses. According to on-chain data from analytics platform Onchainlens, the whale deposited 512,440 UNI tokens to Binance, closing a position held since April 2021. The tokens were originally acquired at an average price of $29.83, valuing the portfolio at $15.28 million at the time of purchase. However, the recent sale at current market prices netted only $3.64 million, culminating in a realized loss of approximately $11.64 million.

The market downturn has triggered similar actions among other large holders. Another whale, identified as 0x4ed0, sold 18,447 Ethereum (ETH) at an average of $3,046 after buying at $4,417, incurring a $25 million loss, and continues to hold 1,560 Wrapped Bitcoin (WBTC) with an unrealized loss exceeding $43 million. In contrast, Whale 0x5D2F profited from a short position on Bitcoin, gaining over $24 million in unrealized profits and $9.2 million in funding fees on Hyperliquid.

These movements underscore the risks of long-term holdings in crypto, with even seasoned investors facing severe setbacks during price corrections. The events highlight the importance of risk management and portfolio diversification in navigating the unpredictable digital asset landscape.