Attention: Major Investor Sells Off $33 Million Worth of Altcoin! Price Drops
Attention: A large investor sold $33 million worth of an altcoin, causing its price to drop.
According to blockchain data, an Uniswap investor transferred a total of 9.295 million UNI tokens, worth approximately $33.46 million, to a Coinbase Prime hot wallet. This investor has previously taken profits during UNI price rallies. The transfer is linked to today's roughly 8% drop in UNI's price, though there is no confirmed information that it was for an immediate sale. The decline follows UNI's surge last November after Uniswap implemented a fee-switch mechanism.
Separately, prominent crypto trader Machi Big Brother attracted attention with high-leverage Ethereum trades. Data shows Machi was liquidated on two overnight long ETH positions, losing about $2.5 million total. However, the investor subsequently re-entered the market, opening a new long ETH position worth approximately $4.6 million with about $180,000 in remaining margin, equating to roughly 25x effective leverage.
cryptonews.ru1h ago