After Years of Patience, Altcoin Whale Gave Up: Despite Waiting, He Sold at a Huge Loss
A crypto whale who had been patient for a long time gave up waiting and sold all of his tokens.
According to cryptocurrency onchain data, a crypto whale seems to have given up and sold his altcoins after a long wait.
When the data is examined, it is seen that the cryptocurrency whale with the wallet address “0xe6227c1d47d2e55ee0ea3600ae0cdb3bd4b9bb5c” moved 1.08 million UniSwap (UNI) tokens worth $14.11 million to Coinbase. This whale had not shown any activity for two years.
The whale wallet accumulated these altcoins between February 23, 2021 and October 2, 2022, and made a total payment of $14.95 million at an average price of $13.83.
Despite holding onto its tokens for years, the whale wallet closed this trade with a loss of $839,000.
At the time of writing, UNI is trading at $13.41. However, the UNI price climbed to $18.64 in September, but the whale wallet did not sell at that time. Interestingly, UNI reached an all-time high of $45 in May 2021, when the whale wallet actually bought after a significant drop from ATH. However, the altcoin market has not been able to return to ATH levels since then.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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