According to blockchain data, a Uniswap investor transferred a total of 9.295 million $UNI to a Coinbase Prime hot wallet around 10:20 AM.
The total value of the tokens at the time of transfer was approximately $33.46 million.
The mentioned investor had previously taken profits during periods of price increases for $UNI. It is reported that the investor sold holdings during a sharp price surge for $UNI that occurred after the fee switch mechanism was implemented in the Uniswap ecosystem in November of last year.
The approximately 8% drop in the price of $UNI today is attributed to the recent transfer transaction. However, there is no reliable information indicating that the transfer was made for the purpose of direct selling.
On the other hand, Machi Big Brother, a well-known major player in the cryptocurrency market, drew attention with their high-leverage Ethereum transactions.
According to data, Machi was liquidated twice on their long $ETH positions opened overnight, losing a total of approximately $2.5 million.
However, after the liquidation, the investor returned to the market. It is reported that Machi opened a new long position on $ETH worth approximately $4.6 million.
The remaining margin for the position is estimated at around $180,000, corresponding to roughly 25x effective leverage.
*This is not investment advice.
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