- Mysterious whale previously sold 167,855 ETH ($408M) — now buying 3.125M UNI at $7.75 avg per Lookonchain
- $24.2M UNI position now carries $3.8M unrealized profit — approximately 15.7% gain in one week
- Watch $7.75 — whale's average cost basis and key support level for distribution risk assessment
BREAKING
Uniswap’s native token UNI has attracted a significant accumulation event from one of crypto’s most closely watched anonymous wallets — an entity previously responsible for one of the largest single ETH liquidations this cycle. The move was flagged by Lookonchain and tracked via Arkham Intelligence.
The Move: Approximately one week ago, this unnamed wallet — best known for having previously offloaded 167,855 ETH worth $408 million — entered a fresh position in UNI. The wallet acquired 3.125 million UNI tokens at an average entry price of $7.75, deploying $24.2 million in capital. As of the Lookonchain alert, the position has generated an unrealized profit of $3.8 million, implying UNI has appreciated meaningfully above the $7.75 cost basis since entry. The full wallet history is accessible on Arkham.
What This Signals: The rotation narrative here is notable. This wallet’s prior action was a massive ETH distribution — exiting $408M worth of Ethereum. Rather than redeploying into BTC or stablecoins, the entity has now surfaced accumulating a DeFi-native governance token. On-chain analysts interpret a whale of this scale entering UNI at a defined average price as deliberate directional conviction — not a casual position. The $3.8M unrealized gain on a $24.2M allocation represents a return of approximately 15.7% in roughly one week. The key level to watch: if UNI holds above $7.75 — the whale’s average cost basis — the position remains in profit and signals no immediate distribution pressure. A sustained close below that level would bring the entry into question. For broader context on large ETH-to-DeFi rotations, see this prior coverage of a whale that rotated $86.76M from BTC into ETH and staked all 34,422 ETH.
Forward Outlook: The immediate signal to monitor is whether this wallet adds to the 3.125M UNI position or begins moving tokens toward exchange deposit addresses — the latter would indicate early distribution preparation. Because the position was opened approximately one week ago and has already generated $3.8M in unrealized gains, profit-taking becomes a rational risk at current levels. Any outflow from this wallet to a centralized exchange should be treated as a near-term sell signal. Conversely, further accumulation below $8.00 would reinforce the thesis that this entity is building a larger strategic UNI allocation following its exit from ETH. Lookonchain and Arkham remain the primary tools for tracking this wallet’s next on-chain action in real time.
Source: arkm.comFrequently Asked Questions
Who is the mysterious whale that bought 3.125M UNI?
What price does UNI need to hold to keep this whale in profit?
Does a whale buying UNI signal a broader DeFi rotation?
Source: Lookonchain · Published by CoinsProbe Markets Desk
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