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Cryptocurrency News Articles

DeFi Whale Spends 4M $USDC to Buy 437K $UNI ($4M) via Kraken

Nov 20, 2024 at 05:00 am

Today, a prominent DeFi whale has made waves in the crypto world by purchasing 437K $UNI worth around $4M. He reportedly spent 4M $USDC to buy $UNI tokens

DeFi Whale Spends 4M $USDC to Buy 437K $UNI ($4M) via Kraken

A prominent DeFi whale has made waves in the crypto world by purchasing 437K $UNI, worth around $4M.

According to data from Spot On Chain, the whale spent 4M $USDC to buy $UNI tokens through Kraken.

This whale is an early holder of $ETH, $AAVE, and $UNI, now holding $182M worth of these tokens with massive unrealized profits, including:

– 44,207 $ETH ($138M) with a $108M profit (+365%),

– 142.296 $AAVE ($23.4M) with a $12.5M profit (+137%),

– 2.248M $UNI ($20.8M) with a $5M profit (+31.5%).

This crypto investor’s early journey has laid the ground for its further success. It has enabled DeFi Whale to expand its portfolio by investing in high-performing assets like $AAVE and $UNI. This move has further solidified Whale’s stance as a dominant trader of DeFi.

As it is an early adopter of $ETH, $AAVE, and $UNI tokens and continuously reaps unrealized massive profits, this capability of the Whale underscores the long-term potential of strategic investments in the crypto world. Spot On Chain, a blockchain analytics platform, has revealed the news through its X account.

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