Longling Capital Withdraws 19,979 UNI ($261K) from Binance After 3 Years of Inactivity
Approximately 13 hours ago, Longling Capital withdrew 19,979 UNI (worth ~$261K) from Binance:
Transaction Hash: 0x2b5ac1e8e42d37610da32b8ace59a9187b93f65cdf10dc20a3a8c2b17702f201
Wallet Address: 0x83e3e8c045db446203d967e092172da7185e4bd8
This marks the start of their second UNI trade and their first UNI transaction in over three years. The withdrawn tokens have since been supplied to Aave, where they were used to borrow USDT.
Previous UNI Activity:
Between September 26, 2020, and January 22, 2022, Longling Capital traded 736,223 UNI.
The average buying price was $18.15, while the average selling price was $16.91, resulting in an estimated loss of $913K (-6.83%).
This new activity may signal renewed interest in UNI or a strategic shift in their portfolio management, particularly with their use of Aave to leverage USDT loans.