Whales Make Significant Moves, Bagging $12.7M in Profits from Aave [AAVE] and Uniswap [UNI]

In the past two days, four major crypto whales have collectively bagged $12.7 million in profits from Aave [AAVE] and Uniswap [UNI], sending ripples

Four major crypto whales have collectively made massive transactions, impacting the altcoins market. These transactions, valued at $12.7 million, were primarily focused on Aave [AAVE] and Uniswap [UNI].

The large-scale movements by whales often serve as indicators of upcoming price shifts, leaving many market participants speculating on the possibility of these moves hinting at future price changes for AAVE and UNI.

Whales making significant moves

The largest transaction involved two whales, “0x991” and “0x97d” (likely operating as a single entity), who moved 41,469 AAVE—valued at $14.7 million—over the last 40 hours.

These whales are likely sitting on an impressive profit of $11.3 million, reflecting a 330% increase from their initial purchase.

Interestingly, despite cashing out a significant portion of their AAVE holdings, the two whales still own a substantial amount of the token, valued at $10.2 million, with $7.86 million in unrealized gains as per the tweet.

This indicates that even after cashing out, they still have a significant stake in AAVE’s future performance.

In another instance, whale “0x1d1” credited 131,633 UNI (worth $1.81 million) to Binance, securing approximately $733K in profits—a remarkable 68% surge in just three months of holding.

Source: X

Furthermore, wallet “0xcc0” moved 145,824 UNI, valued at $2 million, to Binance, ultimately gaining about $696K, which translates to a 53% increase over 2.5 months.

Source: X

The significance of these whale movements cannot be overstated, as they often influence the token prices. But how do these transactions relate to future price predictions?

Whale moves and their implications for AAVE and UNI prices

Examining these recent whale transactions more closely, we can anticipate some price movements for both AAVE and UNI in the short term.

The large-scale outflows from exchanges could hint at the possibility of price dips, suggesting that whales might be cashing out before a potential market correction.

However, the fact that they still hold significant amounts of these tokens indicates that they believe in the long-term potential of AAVE and UNI.

With the recent unrealized profits, we can expect AAVE to consolidate on a short-term basis before rebounding for another bullish wave to test the $400 resistance zone.

Source: TradingView

Whale behavior often causes buying pressure whenever they maintain their positions over a prolonged duration, and that can, in turn, instigate a price rally for the altcoin.

For UNI, the 68% surge in profit suggests that the altcoin is in a strong growth cycle, and even though some whales have cashed out, the token could continue its bullish momentum if more institutional interest pours in.

Source: TradingView