Whale Makes 41% on This Altcoin in 6 Days, Nets $2M!

According to Lookonchain, a whale made a profit of $2.04 million, earning a return of about 41% on Uniswap’s UNI token in six days.

The on-chain analytics platform reported that a wallet beginning with 0xA799 bought 788,000 UNI six days ago. At a purchase price of $6.26 per token, the total investment was about $4.93 million.

Lookonchain said the whale sold these tokens at $8.85. Based on the reported amount and prices, the sale totaled about $6.97 million, and the difference between the purchase and sale prices amounted to $2.04 million. This yielded a gain equivalent to about 41% of the initial investment in less than a week.

Tokens sent to three exchanges

The transaction breakdown in the post shows that a total of 788,000 UNI arrived at the whale’s address from Binance and OKX wallets during the purchase period. The outflows did not happen all at once; instead, multiple transfers were made to deposit addresses at Binance, OKX, and Bybit.

While the images show transfers to the exchanges, the sale price of $8.85 and the realized profit calculation are based on Lookonchain’s assessment. The 41% figure in the report is not UNI’s overall weekly performance, but the return based on the reported purchase and sale prices.