A whale has deposited all their UNI tokens to Binance in an attempt to stop loss.
Five hours ago, the whale with address 0x6b89926d9cd8293c20a742a36b94270c65ba15fa deposited 200,041 UNI (valued at $1.92 million) to Binance at a price of $9.469 per token.
Key Points:
The whale had withdrawn these UNI tokens from OKX just 19 hours earlier at $9.887 per token, costing an estimated $1.98 million.
If the whale is indeed selling now, they would incur an estimated loss of $83,600, which is a 4.22% decrease in less than a day.
The price of UNI has dropped by 10.86% over the past 13 hours, likely prompting the whale to unload their UNI tokens to prevent further losses.
This move highlights the whale's strategy to mitigate further financial losses in the face of a sharp price decline.
