Whale Records $3.8 Million Unrealized Profit on $24.2 Million UNI Purchase

Crypto whale shifts $24.2 million from ETH into UNI, recording approximately $3.8 million in unrealized profit.

A cryptocurrency whale has recorded approximately $3.8 million in unrealized profit on a large UNI position after purchasing $24.2 million worth of the token last week, according to BSCN.

The entity acquired UNI at an average price of about $7.75 per token. The purchase followed the whale’s sale of its entire ETH holdings, which were valued at $408 million, according to the report.

Whale Moves From ETH Into UNI

BSCN reported that the whale bought $24.2 million worth of UNI last week, with the purchases executed at approximately $7.75 per token.

The transaction represents a substantial shift in the entity’s disclosed holdings, coming after it sold all of its ETH position. BSCN valued the ETH holdings at $408 million at the time of the sale.

The source did not identify the whale or provide information about the reasons behind the move from ETH into UNI. It also did not specify whether the entity intends to continue accumulating UNI or whether the reported purchase represented its full position.

UNI Position Shows $3.8 Million Unrealized Gain

Following the purchase, the whale’s UNI position was showing approximately $3.8 million in unrealized profit, BSCN reported.

An unrealized profit reflects the difference between the reported acquisition cost and the current value of an asset while the position remains open. The gain therefore does not represent proceeds that the whale has realized through a completed sale.

The report did not provide the whale’s exact UNI balance or the market price used to calculate the $3.8 million unrealized profit. It also did not disclose whether any additional UNI was acquired after the initial $24.2 million purchase.

Large UNI Position Remains Open

The whale’s reported activity leaves the $24.2 million UNI purchase as the key disclosed position following the sale of its $408 million ETH holdings.

BSCN did not provide details about the entity’s broader portfolio, its trading history or whether the move was part of a longer-term investment strategy. The available information only establishes the reported ETH sale, subsequent UNI purchase and the resulting unrealized gain.

The UNI position remains open based on the information provided by BSCN, meaning the reported $3.8 million gain could change with the market price of UNI.

Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
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